US Edition‘Bear with me,’ Trump says as both farmers and consumers brace for tariff effects
- President Trump imposed tariffs of 25% on Canada and Mexico and 10% on China, causing concern among California farmers about their operations and rising costs for fertilizer from Canada.
- The retaliatory tariffs from Canada, Mexico, and China could significantly hurt U.S. Farmers, potentially leading to a 10% drop in exports and impacting consumer prices.
- Farmers worry that increased costs for fertilizer and potential tariffs on canned tomato exports could decrease demand and lower prices.
- Agricultural economists highlighted that the tariffs could hurt investment and worsen economic conditions, possibly leading to a recession.
62 Articles
62 Articles
The Dickinson Press
Plain Talk: 'The retaliaton is the problem'
MINOT — President Donald Trump's announced tariffs against Canada and Mexico and their retaliatory measures have significant economic risks, particularly for places like North Dakota, where so much of our economy is tied up in international markets. But perhaps even more damaging is the uncertainty Trump's mercurial approach to this policy area engenders. One of the first questions we asked North Dakota Farmers Union President Mark Watne on this…
Local farmer speaks on potential effect of Trump's tariffs
BISMARCK, ND (KXNET) — As new tariffs on Mexico, Canada, and China go into effect, could it hurt farmers' bottom lines? Could consumers see higher prices for agricultural products and ground beef? It could be a while until we see the exact impact. Some farmers are saying the tariffs might not be felt until the next harvest, and some products might actually get cheaper in the short run for consumers, at least if exports suffer. President Donald T…
US foodies brace for tariff war
American gourmets are scrambling to stock up on their favourite imported foodstuffs before Donald Trump's costly tariffs inflate prices on the shelves.Tariffs are a "disastrously bad idea", wrote James Surowiecki for business brand Fast Company. They lead to "higher prices on everything", from coffee and tea to bananas and strawberries – which is why some US consumers are stockpiling their larders while they can. 'Strategic' reserves With tariff…
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