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Balanced Reporting. Trusted Insights.
Thursday, April 03, 2025
PresidentDonald Trump is announcing new tariffs on U.S. car and truck imports — and they may have implications for agriculture. The announcement of the 25% tariff comes just days before Trump is set to unveil “reciprocal” duties on U.S. trade partners.
Reduced consumer incomes around the world and supply chain difficulties during the pandemic have taken a toll on ag and food exporters in developing countries, but overall trade has remained “remarkably resilient” and some suppliers have prospered, according to a new publication from the United Nation’s Food and Agriculture Organization.