This trade war will crush Virginia’s farmers
4 Articles
4 Articles
No changes for Canada in Trump’s tariff pause today, Ottawa says; North American stock markets bounce back
The Canadian government belies no new tariffs were imposed on Canada today, and no changes were made to previously-announced levies, according to a spokesperson from the PMO's office.
This trade war will crush Virginia’s farmers
President Donald Trump’s announcement that the U.S. would impose higher tariffs than we have had since the end of World War II has precipitated a dangerous trade war. American companies and consumers will be affected, but farmers are particularly in the crosshairs. On April 5, a 10% tariff went into effect across the board on virtually all U.S. imports, and on April 9, “reciprocal” tariffs will go into effect on some 60 nations. China will be hi…
Farmer bankruptcies doubled in 2024. Trump’s trade war is adding to their financial uncertainty. - Investigate Midwest
The financial picture for American farmers took a hit in 2024. Net farm income dropped to its lowest point in four years, farmland values started to cool, and across much of the Midwest, the number of farm loans at serious risk of default climbed to the highest level since 2020.Adding to the strain, bankruptcies among U.S. farmers rose 55% last year after a four-year decline — a drop in part driven by pandemic-related federal aid that kept many …
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