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Balanced Reporting. Trusted Insights.
Wednesday, April 16, 2025
U.S. egg imports jumped in February just as wholesale prices started falling and Mexico and Turkey began scaling their U.S. exports, according to the latest Commerce Department data. But while imports are contributing to falling prices, they may not be a major driver, analysts say.
The first wave of President Donald Trump’s “Liberation Day” tariff hikes is now in effect as of Saturday. That means almost all imports are subject to an additional 10% tariff. With more tariff increases set to kick in this week, a farm equipment manufacturer is warning of future delays and price hikes.
The U.S. rice sector is exploring avenues to secure tariff protection from imported products after a report last month found extensive industry support from foreign governments is distorting the global market.
House GOP leaders will try to win passage of the Senate-passed budget framework over opposition of deficit hawks this week, and lawmakers will get a chance to vent their concerns about the market turmoil unleashed by President Donald Trump’s stiff new tariffs. You'll find a full list of hearings and events scheduled for this week.
Certain agriculture inputs will be exempt from the 10% across-the-board duties and higher reciprocal duties applied to specific trade partners, according to a detailed list of carveouts published by the White House.
There is continued handwringing on Capitol Hill over the president’s vast new duties on U.S. trade partners. Senators have launched a bipartisan bid to claw back some congressional oversight of U.S. trade policy less than 24 hours after the “Liberation Day” announcement.
Beijing announced on Friday it would slap 34% tariffs on all imports from the U.S. beginning next week in response to President Donald Trump’s reciprocal tariffs.
Farm groups are imploring the Trump administration to use the stiff, new reciprocal tariffs as leverage to secure greater market access for U.S. producers, but some trade analysts warn that the tariff designs may not lend themselves to swift dealmaking.