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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, February 18, 2025
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.
Companies serving the U.S. agriculture sector are bracing for trade frictions in early 2025 by frontloading imports and diverting shipments to ease the impacts of a possible port strike and tariff hikes.
President-elect Donald Trump announced Sunday that he will tap Stephen Miran, a trade hawk who supports the use of tariffs as a revenue-raising tool, to serve as a top economic adviser in his incoming administration.