For the best experienceDownload the Mobile App
App Store Play Store
Farmers prepare for potential fallout from Trump's Wednesday tariffs
Farmers prepare for potential fallout from Trump's Wednesday tariffs
Farmers prepare for potential fallout from Trump's Wednesday tariffs

Published on: 04/01/2025

Description

U.S. farmers could be the targets of retaliatory tariffs as the Trump administration readies to roll out reciprocal tariffs on Wednesday.

The details of Wednesday's tariffs are still unclear, but farmers like Chuck Sayre in Ohio fear the potential fallout.

"This round of tariffs is really going to hurt," Sayre said.

Sayre spoke with us last month and is among the many farmers worried given the industry's reliance on imported goods — like fertilizer.

Sina Golara studies supply chains.

"So, if tariffs raise the cost of imported fertilizer, overnight your production gets more expensive, and you have to pass those costs to the consumer," Golara said.

RELATED STORY | More swerves hit Wall Street as Trump's "Liberation Day" nears

Secretary of Agriculture Brooke Rollins hinted the government could step in to assist farmers like it did in 2018 when President Trump's trade war with China sparked retaliatory tariffs targeting American farmers.

The USDA ended up paying 23 billion dollars to farmers who suffered from lost business then.

But that runs a risk too, according to Tom Vilsack, the former U.S. agriculture secretary under Presidents Obama and Biden.

"The reality is that as farmers receive this help and assistance, market share is being lost," he said. "Which is why farmers would preserve, would prefer keeping the market as opposed to getting a payment."

The agricultural industry will get a better sense of the full impact when President Trump announces the tariffs in a Rose Garden event Wednesday.

This story was initially reported by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.

News Source : https://www.kbzk.com/politics/economy/farmers-prepare-for-potential-fallout-from-trumps-wednesday-tariffs

Other Related News

04/04/2025

Three alleged MS-13 gang members have been federally charged in connection with a killing ...

Whitefish responds to river trail permit denial
Whitefish responds to river trail permit denial

04/04/2025

At a special meeting of the Whitefish City Council on Monday night councilors voted unani...

Forecasters predict another active hurricane season for the Atlantic basin in 2025
Forecasters predict another active hurricane season for the Atlantic basin in 2025

04/04/2025

Colorado State University issued its annual Atlantic hurricane season forecast and based o...

Humanities Montana budget slashed ‘in furtherance of the President’s agenda’
Humanities Montana budget slashed ‘in furtherance of the President’s agenda’

04/04/2025

Humanities Montana received notice Wednesday from the National Endowment for the Humanitie...

Helena restaurant named as finalist for 2025 James Beard award
Helena restaurant named as finalist for 2025 James Beard award

04/04/2025

HELENA A Helena restaurant is one step closer to receiving national recognition for its d...

ShoutoutGive Shoutout
500/500