President Trump announced his global tariff plan during his “Make American Wealthy Again” event on April 2. The plan includes adding a universal tariff of 10% on all U.S. trading partners, effective on midnight, April 5, and roughly 60 of the U.S.’s top trading partners will be subject to higher rates, effective on midnight, April 9. In response, Stu Swanson, Iowa Corn Growers Association (ICGA) President, released the following statement:
“In 2024, nearly 5 billion bushels of corn and value-added corn products were exported out of the U.S. Reciprocal tariffs placed on U.S. corn products is of great concern to Iowa corn growers who are already faced with a troubling economic landscape due to rising input costs and declining corn prices.
“The announcement of today’s tariffs will impact farmers by limiting or diminishing our existing trade channels and relationships.
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