As of 12:01am on March 4, President Trump placed 25 percent tariffs on all goods coming from Canada and Mexico. Canadian energy will face a 10 percent levy.
And all products coming from China will be charged a 20 percent tax.
U.S. farm groups are raising the alarm about the implications of this trade war.
About 85 percent of the U.S. potash supply comes from Canada, and farmers’ margins are already thin enough, said Zippy Duvall, president of the American Farm Bureau.
“For the third straight year, farmers are losing money on almost every major crop planted,” he said in a statement. “Adding even more costs and reducing markets for American agricultural goods could create an economic burden some farmers may not be able to bear.”