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Tag Archives retaliatory tariffs

Farm groups’ response to new Trump tariffs muted
Trump repeats dairy tariff claims in justification of 35 per cent tariffs on Canadian goods
Farm groups’ response has been muted, thus far, in the face of U.S. President Donald Trump’s announced 35 per cent tariffs on Canadian goods. Goods under CUSMA are expected to continue to be exempted. Trump again brought up dairy tariff claims in justification for higher tariffs.

Trump says he’ll up Canadian tariff rate to 35 per cent next month
Exceptions for goods under CUSMA are expected to continue says White House official
U.S. President Donald Trump ramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35 per cent tariff on imports next month. Exceptions for goods under CUSMA, which includes many agricultural products, are expected to continue a White House official said.

Canada’s trade deficit narrows in May, US exports drop to lowest since pandemic
Exports to countries other than U.S. rise, but not enough to offset losses like canola exports to China
Canada's trade deficit in May narrowed after a record-breaking deficit in April as total exports rose and imports fell even as the impact of U.S. tariffs dented shipments south of the border, data showed on Thursday.

Indian rapeseed meal exports soar as China replaces Canadian canola supply
China placed Canadian canola oil, meal under a 100 per cent tariff in March
China is set to make record purchases of rapeseed meal from India following Beijing's move to impose a 100 per cent retaliatory tariff on Canadian canola imports, senior industry officials said.

Trump tariffs mean fewer machinery purchases, higher costs for farmers
Agco plans to spread tariff costs across its full product line, not just the most affected units
Yo-yoing U.S. tariff rates will end up costing farmers more for new machinery and parts — and not just farmers in the U.S. either.

China delays decision in EU pork import case amid EV tariff talks
China extended on Tuesday a high-profile investigation into imported pork from the European Union by six months, days before it was due to wrap up and as negotiators from Brussels and Beijing carve out a deal over the bloc's electric vehicle tariffs.

Tariffs on canola seen supercharging Canadian farmers’ shift to spring wheat
U.S. Great Plains farmers skipping the cereal in favour of more profitable crops
The prospect of Chinese and U.S. tariffs on canola have prompted Western Canadian farmers to seed more wheat.

EU urges respect not threats as Trump pushes for 50 per cent tariff
The European Commission urged the U.S. on Friday to bring respect, not threats, to trade talks after President Donald Trump pushed for a 50 per cent tariff on EU goods.

U.S. soybean exports risk 20 per cent drop without improved China deal
U.S. soybean exports may drop 20 per cent and prices will plunge if the United States and China fail to resolve their trade dispute limiting U.S. soybeans from their largest market, agribusiness consultancy AgResource said on Wednesday.

U.S. and China reach deal to temporarily slash tariffs
‘Very positive news’ for countries’, global economies says analyst
The U.S. and China announced they'd reached a deal to temporarily cut tariffs in a move that offered a reprieve to global economies.