Tag: tariffs

Ag sector alarm bells are going off

There are big warning signs in agriculture right now. And many experts are warning an aid package announced by the Trump administration is not likely to go very far or come soon enough.

Your Thanksgiving turkey could be more expensive this year. Tariffs are a big culprit

An average 15-pound turkey could cost around $30 this Thanksgiving, according to an analysis from Purdue University.

a red barn surrounded by corn fields in Iowa with a machine harvesting corn.

Farmers caught in Trump’s trade war wait for bailout. But many call it a temporary fix

The Trump administration is promising billions in a bailout for farmers. This harvest season the trade war with China has added to the farm economy’s woes, as producers deal with lower crop prices and high costs.

Trump signs order imposing new tariffs on a number of trading partners that go into effect in 7 days

Trump imposed the Friday deadline after his previous “Liberation Day” tariffs in April resulted in a stock market panic. His unusually high tariff rates, unveiled in April, led to recession fears — prompting Trump to impose a 90-day negotiating period. When he was unable to create enough trade deals with other countries, he extended the timeline and sent out letters to world leaders that simply listed rates, prompting a slew of hasty deals.

During B-N stop, Rep. LaHood defends higher tariffs and new landscape of trade agreements

U.S. Rep. Darin LaHood is hailing this week’s announcement of a trade agreement with the European Union and recent ones with Vietnam, the United Kingdom, Indonesia, and Japan as the Trump administration continues to reshape the global economy.

Pritzker signs executive order responding to impact of tariffs on Illinois

The order requires seven state agencies to “consider the specific impacts that the U.S. tariffs have had on Illinois and provide draft recommendations of measures to mitigate the impact of these tariffs” within the next 100 days,

U.S. ginseng growers and animal breeders rely on exports to China. Now they wait on a trade deal

Specialty producers exporting to China have been hit just as hard as soybeans and beef. But they often have fewer alternative markets for their crops, worsening the impact of retaliatory tariffs.

Trump marks his first 100 days in office with a rally in Michigan, a state rocked by his tariffs

President Trump told Time Magazine of his first 100 days, “I think that what I’m doing is exactly what I’ve campaigned on.”

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.

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.

How Trump’s tariffs could threaten construction and housing affordability in Champaign-Urbana

The Trump administration has rolled out tariffs that affect a wide variety of goods and industries — including home construction. The situation is rapidly evolving, and some worry all the uncertainty and supply chain disruptions could drive up housing prices.