Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Il maxi-investimento elettorale crypto non basta: Fairshake perde la sfida decisiva in Ohio – BitRss

    November 5, 2026

    How The Economy Is Affecting People’s Everyday Spending Habits

    November 5, 2026

    Does Vegetable Broth Need to Be Refrigerated? Full Guide

    November 5, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Il maxi-investimento elettorale crypto non basta: Fairshake perde la sfida decisiva in Ohio – BitRss
    • How The Economy Is Affecting People’s Everyday Spending Habits
    • Does Vegetable Broth Need to Be Refrigerated? Full Guide
    • How To Report SEO Performance When Analytics Data Is Incomplete
    • Waymo confirms it will split with Uber in January 2028
    • How Are U.S. Household Finances Doing?
    • Sweet Potato Pie Season in Louisiana and the Law Behind Home Bakers
    • 18 Cold And Flu Hacks That Actually Work
    Facebook X (Twitter)
    SBM Global News
    Demo
    • Home
    • Top Stories
      • Politics
    • Business
      • Small Business
      • Marketing
    • Finance
      • Investment
    • Technology

      Waymo confirms it will split with Uber in January 2028

      November 5, 2026
      Read More

      Google takes Dreambeans to India in bid to bring AI-generated personal stories to the masses

      November 3, 2026
      Read More

      TechCrunch Mobility: A new, bigger AV boom is here

      November 2, 2026
      Read More

      Connecta Satellite Solutions LLC – Company Profile

      November 1, 2026
      Read More

      Pile-ins, payouts, and pacing pressure: the investors behind the VCs open up

      October 31, 2026
      Read More
    • Lifestyle
      • Travel
    • Feel Good
    • Get In Touch
    SBM Global News
    Demo
    Home»Business»How Retaliatory Tariffs by China, Canada and Mexico Could Harm American Farmers
    Business

    How Retaliatory Tariffs by China, Canada and Mexico Could Harm American Farmers

    By Staff WriterMarch 5, 20256 Mins Read
    Facebook Twitter LinkedIn Reddit Email
    #image_title
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A trade war with China during President Trump’s first term hit American farmers hard. This time, it could be worse.

    On Tuesday, China’s Ministry of Finance said it would add tariffs of as much as 15 percent on a wide range of agricultural imports from the United States, including chicken, wheat, corn and cotton. Beijing’s retaliation for escalating American tariffs on Chinese-made products also includes 10 percent tariffs on imports of sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables and dairy products.

    Without specifying which products, Canada said on Tuesday that it would impose retaliatory tariffs of 25 percent on $20.5 billion worth of American goods, and Mexico promised to outline its response on Sunday. President Trump imposed 25 percent tariffs on products from both countries on Tuesday.

    Farms are a target because agricultural products account for a large portion of U.S. exports, said Lynn Kennedy, a professor of agricultural economics at Louisiana State University. Politics are probably a factor, too.

    “Rural areas tend to be politically a lot more conservative, and so if you look at where Trump’s base has been, or where the Republican base is, that has a higher tendency to be some of those agricultural states and areas,” Mr. Kennedy said.

    As they did during the first Trump administration, the retaliatory tariffs could mean that American exports and prices paid for crops fall — as importers from China, Canada or Mexico look to Brazil or other large agricultural producers for alternatives.

    China accounted for 14 percent — roughly $24.7 billion — of all agricultural goods exported from the United States in 2024, according to data from the Department of Agriculture. Mexico and Canada imported even more: about $30.3 billion worth of goods for Mexico and $28.4 billion for Canada.

    Mark Legan, a livestock and crop farmer in Putnam County, Ind., said Mexico was his top export market for pork and China his biggest for soybeans, which he sells to Cargill and Archer Daniels Midland plants in his area.

    When China started to buy more soybeans from Brazil during Mr. Trump’s first term, Mr. Legan’s income “significantly decreased,” he said. His pork exports to China also fell. This time, he’s again worried about the fallout — especially since Mexico is poised to retaliate, too.

    “We are fighting an uphill battle against the tariffs, to get both soybeans and pork into those markets,” Mr. Legan said. “In agriculture, we deal with uncertainty all the time, whether it’s the weather or the health of our animals. But this adds another level of uncertainty that we’re trying to deal with the best we can.”

    Industry lobbying groups were quick to criticize the tariffs. Blanket tariffs on China, Mexico and Canada risk “inviting retaliation that could harm the very farmers they aim to protect,” said Shannon Douglass, president of the California Farm Bureau. Gregg Doud, chief executive of the National Milk Producers Federation, said in a statement on Monday, ahead of the new tariffs, that the group was “pushing against trade barriers that are arising as countries invent new policies that threaten to disrupt our dairy sales.”

    Although the Canadian government did not specify which products would be subject to its retaliatory tariffs, a plan outlined last month singled out hundreds of U.S. products that could be targeted, including food products like orange juice and peanut butter. Doug Ford, the premier of Ontario, said on Tuesday that he had ordered the removal of all U.S.-made liquor from the state alcohol distributor.

    Agricultural producers of all sizes, from part-time farmers and small family farms to large ones, could take a hit as prices fall and some costs go up. Soybeans accounted for about half of U.S. agricultural exports to China last year, according to the Agriculture Department, but American soybean exporters to China compete with companies from Brazil. U.S. soybean futures fell about 1 percent on Tuesday. Futures on U.S. corn and wheat also fell.

    “Farmers have already planted their crops, and they have this year’s crop already in the ground and they were expecting a certain price for their product,” Mr. Kennedy said. Now, he added, “there’s this uncertainty about what the price will be that they’ll get.”

    Demo

    Many rural communities are already grappling with the Trump administration’s abrupt freezes of federal funding on a range of programs and grants. Farmers are forced to borrow money for their machinery and are facing mounting bills, said Jill McCluskey, a professor of agricultural economics at Washington State University. If they can’t get as much money for their crops because retaliatory tariffs make their commodities less competitive, “they’re going to be hurting,” she said.

    The effects of tariffs can be uneven, and unpredictable.

    Growers of organic products could benefit, because they largely sell to the domestic market and use domestic inputs. But Kate Mendenhall, the executive director of the Organic Farmers Association, said some of her organization’s members were reporting higher machinery repair costs because parts come from Canada.

    “It will hit in unexpected ways that we can’t even appreciate right now,” Ms. Mendenhall said.

    Others costs could go up, too. About 85 percent of potash, a key ingredient in fertilizer, is imported from Canada, according to the American Farm Bureau Federation.

    “Additional tariffs, along with expected retaliatory tariffs, will take a toll on rural America,” Zippy Duvall, president of the federation, said in a statement on Tuesday. “Adding even more costs and reducing markets for American agricultural goods could create an economic burden some farmers may not be able to bear.”

    On an earnings call last month, Ken Seitz, the chief executive of Nutrien, a Canadian fertilizer company and the largest producer of potash in the world, said American farmers would bear the cost of tariffs. “The U.S. farmer will feel those impacts after the spring planting season,” he said.

    This isn’t the first time farmers and food producers have found themselves in the cross hairs of trade wars. During Mr. Trump’s first term in the White House, China responded to his administration’s tariffs on Chinese goods with retaliatory tariffs ranging from 5 to 25 percent on many U.S. agricultural products. Those tariffs reduced U.S. agricultural exports by nearly $26 billion, according to a research report by the Agriculture Department.

    At the time, U.S. soybean exports dropped to their lowest level in years. In 2018, soybean exports to China, the biggest market, fell 75 percent. A study released last year by the American Soybean Association and the National Corn Growers Association found that a new trade war would immediately drop corn and soy exports by hundreds of millions of tons — a loss in market share that would prove difficult for American growers to reclaim.

    During his first term, Mr. Trump responded to China’s targeting of U.S. agriculture by providing subsidies to farmers. Whether his administration will do the same this time — and whether those subsidies will be evenly distributed to large farms and smaller producers — remains an open question.

    “Farmers want to make their money from the market,” said Betty Resnick, an economist at the American Farm Bureau Federation. “They don’t want to rely on these government subsidies. But at the same time, if we’re changing their market access, they need to stay in business as well.”

    Kevin Draper contributed reporting.

    View original article here

    Share. Facebook Twitter LinkedIn Email Reddit
    Previous ArticleHow to build a ChatGPT-powered AI trading bot: A step-by-step guide
    Next Article Tariffs Add a New Shock to Food Supply Chains

    Related Posts

    Fed Holds Rates Steady Despite ‘Elevated’ Inflation

    October 29, 2026
    Read More

    Women Sluggers Are No Longer in a League of Their Own

    September 27, 2026
    Read More

    Elizabeth Holmes to Transfer to Halfway House in August 2027

    September 24, 2026
    Read More
    Add A Comment

    Leave A Reply Cancel Reply

    Demo
    Top Posts

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256

    AAVE Price Prediction: Target $215-225 by Mid-January 2025 as Technical Indicators Signal Bullish Momentum

    December 15, 2025240

    Wall Street Slumps As Alphabet, Qualcomm And Other Tech Stocks Fall

    February 7, 2026212
    Don't Miss
    Investment

    Il maxi-investimento elettorale crypto non basta: Fairshake perde la sfida decisiva in Ohio – BitRss

    By Staff WriterNovember 5, 20267 Mins Read

    La campagna elettorale più costosa mai finanziata dall’industria crypto ha ottenuto quasi tutto ciò che…

    Read More

    How The Economy Is Affecting People’s Everyday Spending Habits

    November 5, 2026

    Does Vegetable Broth Need to Be Refrigerated? Full Guide

    November 5, 2026

    How To Report SEO Performance When Analytics Data Is Incomplete

    November 5, 2026
    Stay In Touch
    • Facebook
    • Twitter
    Demo
    Find More
    Trending News
    • Il maxi-investimento elettorale crypto non basta: Fairshake perde la sfida decisiva in Ohio – BitRss
    • How The Economy Is Affecting People’s Everyday Spending Habits
    • Does Vegetable Broth Need to Be Refrigerated? Full Guide
    • How To Report SEO Performance When Analytics Data Is Incomplete
    • Waymo confirms it will split with Uber in January 2028
    • How Are U.S. Household Finances Doing?
    • Sweet Potato Pie Season in Louisiana and the Law Behind Home Bakers
    • 18 Cold And Flu Hacks That Actually Work
    • Claude integrations worth adding to your GTM stack
    • Ripple CTO Emeritus Clarifies Current Role at Ripple – BitRss
    Other News
    • Business
    • Feel Good
    • Finance
    • Fitness
    • Health
    • Investment
    • Lifestyle
    • Marketing
    • Politics
    • Small Business
    • Technology
    • Top Stories
    • Travel
    About Us

    Small Business Minder brings together business and related news from around the world in one place. Follow us for all the business news you'll need.

    Facebook X (Twitter)
    Our Picks

    Il maxi-investimento elettorale crypto non basta: Fairshake perde la sfida decisiva in Ohio – BitRss

    November 5, 2026

    How The Economy Is Affecting People’s Everyday Spending Habits

    November 5, 2026
    Most Popular

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256
    Categories
    © 2026 Small Business Minder
    • Home
    • Get In Touch

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. To get the most from our site, please disable your Ad Blocker.