ONLINE Dan Fulleton Farm Equipment Retirement Auction
THIS WILL BE AN ONLINE AUCTION Visit bakerauction.com for full sale list and information Auction Soft Close: Mon., March 3rd, 2025 @ 12:00pm MT Location: 3550 Fulleton Rd. Vale, OR […]
Published 11:49 am Tuesday, March 4, 2025
By Don Jenkins
President Trump raised tariffs on the top three foreign destinations for U.S. farm goods, telling farmers to get ready to make a lot of agricultural products to sell inside the U.S.
Tariffs of 25% on Canadian and Mexican products went into effect early March 4. Additional 10% tariffs on Chinese products also took effect.
Canada and China immediately slapped tariffs on some U.S. goods. Agriculture was a prime target as both countries retaliated. Mexican President Claudia Sheinbaum said her country will respond on March 9.
The American Farm Bureau and National Farmers Union issued statements warning that trade wars will hurt farmers. In a post on Social Truth, Trump reassured farmers he has their interests in mind.
The president said he planned to adopt “reciprocal tariffs” on other counties April 2. The U.S. imported $195.6 billion in agricultural products in 2023, while exporting $178.7 billion in 2023, according to the USDA Economic Research Service. USDA attributed the farm trade deficit to a strong dollar and demand for year-round produce.
“To the Great Farmers of the United States: Get ready to start making a lot of agricultural products to be sold INSIDE of the United States. Tariffs will go on external products on April 2nd. Have fun!” Trump posted.
Combined, China, Canada and Mexico buy close to half of all U.S. farm exports. In the other direction, Canada supplies the U.S. with about 85% of its supply of the fertilizer ingredient potash, according to the Farm Bureau.
“Farmers support the goals of ensuring security and fair trade with other nations, but additional tariffs, along with expected retaliatory tariffs, will take a toll on rural America,” Farm Bureau President Zippy Duvall said in a statement.
Tariffs will have serious consequences for American agriculture, National Farmers Union President Rob Larew said.
“We are already facing significant economic uncertainty, and these actions only add to the strain,” he said in a statement.
Canada immediately imposed 25% tariffs on $30 billion worth of U.S. imports. The tariff will apply to farm equipment and farm goods such as poultry, eggs, meat, wheat, cherries, barley and dairy products.
If the U.S. doesn’t lift tariffs, Canada plans a second wave of 25% tariffs in 21 days on goods worth $125 billion. The second list includes apples, pears, potatoes, onions and potash.
China Daily, owned by the Chinese government, reported China will impose 15% tariffs on chicken, wheat, corn and cotton, and 10% tariffs on sorghum, soybeans, pork, beef, seafood, fruits, vegetables and dairy products. The tariffs will take effect March 10.
Trump imposed tariffs after a 30-day pause expired. The Trump administration said the three countries had failed to do enough to stop the cross-border trafficking of fentanyl.
Trump invoked the International Emergency Powers Act as the legal basis for imposing tariffs. A spokesman for China’s foreign ministry said it was a “flimsy excuse.” Canadian Prime Minister Justin Trudeau said it was “bogus.”
Trudeau speculated Trump was trying to weaken the Canadian economy to make it easier to annex Canada as the 51st state.
Addressing himself at a press conference to “Donald,” Trudeau said, ”This is a very dumb thing to do.”
Speaking to reporters the day before the tariffs went into effect, Trump didn’t mention fentanyl. Tariffs will create U.S. jobs, he said.
“They can’t come in and steal our money and steal our jobs and take our factories and take our businesses and expect not to be punished, and they’re being punished by tariffs,” Trump said.
THIS WILL BE AN ONLINE AUCTION Visit bakerauction.com for full sale list and information Auction Soft Close: Mon., March 3rd, 2025 @ 12:00pm MT Location: 3550 Fulleton Rd. Vale, OR […]
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