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Balanced Reporting. Trusted Insights.
Wednesday, April 09, 2025
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.
U.S. negotiators should push for a catch-up clause in the forthcoming U.S.-Mexico-Canada Agreement review to make up for what they see as Ottawa’s mismanagement of tariff-rate quotas, according to a dairy industry representative.
A federal judge has ordered the Trump administration to immediately unfreeze funds, including Inflation Reduction Act and Bipartisan Infrastructure Law dollars and those paused by an Office of Management and Budget directive.
House Republicans are down in Florida today trying to hash out plans for the budget reconciliation process that’s critical to President Donald Trump’s spending and tax priorities. Monday evening, Trump appealed to the GOP rank and file to get unified behind the agenda.
In his confirmation hearing Wednesday, Sen. Marco Rubio discussed trade frictions with Mexico, the U.S.-China strategic rivalry and the president-elect's concerns over Chinese actions around the Panama Canal.
Mexico will likely overturn its import ban on genetically engineered corn but enact a domestic planting ban into law, President Claudia Sheinbaum said after a USMCA dispute panel sided with the U.S. last week.
A U.S.-Mexico-Canada Agreement dispute resolution panel ruled on Friday that Mexico’s ban on genetically modified corn is not founded in science, paving the way for U.S. retaliation unless the ban is lifted.
