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U.S. tariffs bad for all farmers

U.S. tariffs bad for all farmers

Equipment manufacturers may have to raise prices to offset increase costs

By Diego Flammini
Staff Writer
Farms.com

Farmers once again find themselves the casualties of a trade war between the U.S. and some of its largest trading partners.

The U.S. announced that, as of midnight yesterday, Mexico, Canada and the European Union would be subject to 25 per cent and 10 per cent tariffs on steel and aluminum exports, respectively.

As a result, Mexico and the EU outlined intentions to place tariffs on American farm products, including pork legs and corn.

Canada revealed its own retaliatory measures yesterday, adding import duties to some U.S. ag products. The Canadian tariffs total about CAD$16.6 billion worth of imports.

Beginning July 1, Canada will add a 10 per cent tariff to such items as American yogurt, coffee, beef products, cucumbers and orange juice. Some U.S. steel and aluminum products will face a 25 per cent import duty.

Grower groups say these tariffs create unnecessary challenges for producers.

“Farmers are busy with planting season but are moving forward without knowing who will buy their crop when it’s harvested later this year,” Kevin Skunes, president of the National Corn Growers Association, said in a statement yesterday. “NCGA urges policymakers to strengthen cooperation with our trading partners and stay at the negotiating table.”

Overall, yesterday was a bad day for farmers and ag equipment manufacturers, said Leah Olson, president of Agricultural Manufacturers of Canada.

“With the Canadian government putting on counter tariffs, yesterday was a very troubling day,” she told Farms.com today. “For farmers, these tariffs are not good news at all. These tariffs will impact our industry – there’s no doubt.”

gguy44/iStock/Getty Images Plus photo


Trending Video

US “Flash Drought” Worst in 133-160 Years + Disease taking a Bite out of US 2025 Corn/Soybean Crops

Video: US “Flash Drought” Worst in 133-160 Years + Disease taking a Bite out of US 2025 Corn/Soybean Crops


A dry August and a “flash drought” in the ECB (Eastern Corn Belt) the driest top 10 to 15 years in 150 to 160 years (Ohio the driest in 133 years) plus disease is taking a bite out of the 2025 U.S. corn and soybean crops.
It's going to be an early harvest. This could be the start of the 89-year drought cycle that may have been delayed until 2026 as La Nina maybe returning.
The USDA September crop report is all about record corn ears and record soybean counts but the October USDA crop report will be about pod and ear weights.
Stats Canada reported higher forecasts for the 2025 Canadian Prairies all wheat and canola crops vs. last year based on satellite imagery but are they overestimating production?
The 2025 Great ON Yield Tour and Quebec crop tours are projecting corn and soybean crops below the 10-year average.
China's Vice Commerce Ministry Li Chenggang visits Washington this week as we continue to connect the dots is a positive sign towards a China/U.S. trade deal. But will U.S. farmers have a winter without China as they buy more soybeans from Uruguay/Argentina? U.S. Northern Plain soybean farmers are seeing red with flat prices at $8.97/bu!
U.S. corn exports on record pace up 99% vs. last year.
Fund short covering continues in corn futures bottom is in!