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Balanced Reporting. Trusted Insights.
Sunday, April 06, 2025
President Donald Trump announced sweeping duties on Canada, Mexico and China over the weekend, triggering a trade conflict with the U.S.’ largest agricultural trading partners.
The White House's novel use of emergency presidential powers to impose new tariffs is likely to face legal challenges from opponents, but securing an injunction or a ruling against the orders will be an uphill climb, trade lawyers say.
Canada will meet new 25% U.S. tariffs by adopting equivalent duties on $155 billion of U.S. goods, including a slate of agricultural products. Mexico is proceeding with its own retaliation.
President Donald Trump signed three executive orders to impose new tariffs on Canada, Mexico and China starting Tuesday. The tariffs mark the first time a president has used powers granted under the International Emergency Economic Powers Act of 1977.
President Donald Trump told reporters in the Oval Office Friday that there is nothing Mexico, Canada and China can do to avoid new tariffs slated to go into effect Saturday, and suggested the rates could eventually increase. The American Farm Bureau Federation appealed to Trump for a targeted approach with specific exemptions for fuel and fertilizer imports.
White House press secretary Karoline Leavitt affirmed that the Trump administration will impose new tariffs on Canada, Mexico and China on Saturday. She denied reporting that the tariffs would be delayed.
With spring fast approaching and U.S. crop acreages up, U.S. buyers will likely bear the brunt of the costs of any new tariffs on fertilizers, at least in the short run, analysts tell Agri-Pulse.