Tariffs impact what crops some U.S. farmers are choosing to plant this year
Farmers are planning on putting fewer acres of soybeans in the ground this spring amid retaliatory tariffs from China and higher production costs.
Tag: trade war
U.S. farmers were already struggling to turn a profit. Trump’s trade war will make that harder
Recently implemented tariffs are likely to push crop prices further down, while increasing the costs for fertilizer and farm equipment.
Amid global tariff war, Pritzker vows to be ‘stable’ trading partner with United Kingdom
In 2024, according to the governor’s office, Illinois exported more than $2.6 billion worth of goods to the U.K., making it the state’s eighth-largest export partner.
China retaliates with new 84% tariffs as global markets fall
“The US’s practice of escalating tariffs on China is a mistake on top of a mistake,” the ministry said in a statement announcing the fresh round of levies.
Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars
President Donald Trump declared on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States.