{"id":25005,"date":"2025-04-03T08:44:37","date_gmt":"2025-04-03T12:44:37","guid":{"rendered":"https:\/\/wzbd.com\/?p=25005"},"modified":"2025-04-03T08:44:39","modified_gmt":"2025-04-03T12:44:39","slug":"new-u-s-retaliatory-tariffs-will-impact-ag","status":"publish","type":"post","link":"https:\/\/wzbd.com\/index.php\/2025\/04\/03\/new-u-s-retaliatory-tariffs-will-impact-ag\/","title":{"rendered":"New U.S. retaliatory tariffs will impact Ag"},"content":{"rendered":"\n

CARAH HART<\/strong><\/p>\n\n\n\n

Brownfield Ag Network<\/em><\/p>\n\n\n\n

U.S. President Donald Trump says \u201ckind, not full\u201d retaliatory tariffs went into effect midnight for more than 50 trading partners, including China.<\/p>\n\n\n\n

\u201cWe\u2019re going to be charging a discounted reciprocal tariff of 34 percent. In other words, they charge us, we charge them. We charge them less, so how can anybody be upset?\u201d<\/p>\n\n\n\n

There are now double digit reciprocal tariffs on many countries, including Japan, Vietnam and South Korea. Trump says the countries charge over-quotas for U.S. rice.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u201cThat\u2019s because they don\u2019t want us selling rice,\u201d he says.<\/p>\n\n\n\n

The European Union has a 20 percent tariff and India has 26 percent tariff. There is a 10 percent tariff on other trading partners, including Brazil and the United Kingdom.<\/p>\n\n\n\n

Ted McKinney with the National Association of State Departments of Agriculture (NASDA) says some of the tariff amounts aren\u2019t surprising.<\/p>\n\n\n\n

\u201cI\u2019m encouraged with the UK and Brazil. Although I think our farmers would have liked to have had zero, it suggests there might be an opening there to straighten out some trade.\u201d<\/p>\n\n\n\n

But McKinney says reciprocal tariffs are a new approach and the duration is important.<\/p>\n\n\n\n

\u201cIf this is a forever thing, there will be a lot of hand-wringing,\u201d says McKinney. \u201cIf this might be a temporary kind of thing, which he won\u2019t telegraph, he won\u2019t talk about the duration, maybe there\u2019s some hope for change in the process, their tariff mentality, which could result in some kind of settlement.\u201d<\/p>\n\n\n\n

The administration moved the announcement until after markets closed.  In after-hours trading, markets responded to the news and moved lower.<\/p>\n\n\n\n

Market analyst Tommy Grisafi with Nesvick Trading Group <\/em>says it\u2019s anyone\u2019s guess how the grain markets respond.<\/p>\n\n\n\n

\u201cThis isn\u2019t like, we\u2019re fighting with Canada and Mexico, the 24-hour fake tariff war we had, this one feels real.\u201d<\/p>\n\n\n\n

Canada and Mexico didn\u2019t make the retaliatory tariff list.<\/p>\n","protected":false},"excerpt":{"rendered":"

CARAH HART Brownfield Ag Network U.S. President Donald Trump says \u201ckind, not full\u201d retaliatory tariffs went into effect<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[18],"tags":[19],"class_list":["post-25005","post","type-post","status-publish","format-standard","hentry","category-ag","tag-ag"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/posts\/25005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/comments?post=25005"}],"version-history":[{"count":1,"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/posts\/25005\/revisions"}],"predecessor-version":[{"id":25007,"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/posts\/25005\/revisions\/25007"}],"wp:attachment":[{"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/media?parent=25005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/categories?post=25005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/tags?post=25005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}