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Trump announces U.S. reciprocal tariffs on 185 countries, and China retaliates, Trade War Escalates

Video: Trump announces U.S. reciprocal tariffs on 185 countries, and China retaliates, Trade War Escalates


President Trump unveiled steep tariff hikes on almost all U.S. trade partners, imposing a total tariff rate of 54% on China. In response, China struck back with a 34% tariff on all U.S. imports. The discussion also includes updates on 45Z, USDA Planting Intentions results, trends in the crude oil and stock markets, and current weather conditions.


 

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USDA Outlook Increase Corn Acres

Video: USDA Outlook Increase Corn Acres

The USDA’s forecast for planted acres of grains shows an increase over the 2024 crop year, but will fall short of 2023’s record plantings.