US EditionFarmers face uncertainty amid trade tensions
- President Donald Trump announced a 10% baseline tariff on imports, affecting goods from about 60 countries, starting on April 2, 2025.
- Grocers express uncertainty over how tariffs will impact their pricing and sourcing, as noted by an independent grocer speaking to KOMO News.
- Frayne Olson mentioned that increased tariffs create uncertainty in soybean exports, potentially exceeding 60% to China and could lead to Brazil becoming a more stable supplier for soybeans instead of the U.S.
- Experts warn that prolonged tariffs may contribute to economic issues such as recession and inflation, impacting farmers and the agricultural market.
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Park Rapids Enterprise+3 Reposted by 3 other sources
Farmers 'stuck in the middle' of trade war as experts expect continued uncertainty
Farmers deal with plenty of uncertainty. For example, the 8 inches of snow that fell on Josh Gackle’s farm in Kulm, North Dakota, on the first days of April. But they’re used to managing that kind of uncertainty. Adding additional uncertainty into the equation this year has been the back-and-forth from the Trump administration on tariffs that has been going on since early February. President Donald Trump on April 2, announced he would impose a 1…
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Leaning Left0Leaning Right4Center2Last UpdatedBias Distribution67% Right
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R 67%
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