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News in English (USA) / 08.12.2024 / 19:00

Impact of Tariffs on US Agriculture Sparks Concern Among Farmers and Economists

US farmers and economists are voicing strong concerns over the implications of tariffs proposed by the Trump administration. Many are predicting significant losses, potentially amounting to billions in export sales, as trade skirmishes continue to escalate. Farmers from states like Nebraska and Kansas are calling for a reality check on the effects of these tariffs, describing them as reckless and ill-timed for an already struggling agricultural sector. As commodity markets remain sensitive to news about tariffs, the agricultural community is bracing for volatility and uncertainty. Some experts are cautioning that these trade policies could exacerbate an imbalance in ag imports and exports, while also contributing to rising commodity prices globally. The potential for retaliatory tariffs looms large, prompting calls for negotiation before implementation. Amidst this climate of concern, farmers are urged to adopt strategic marketing plans to navigate the challenges ahead.
VOA Asia, Milwaukee Journal Sentinel, Kansas City Star, Red River Farm Network, American Farm, brownfieldagnews.com, Small Caps, Drovers Magazine, Thecountypress, CME Group