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- 12 Mar, 2025
Ontario and Washington Back Down From Escalating Tariff Threats
Mexican goods that fall outside of the USMCA framework. An across-the-board 25 percent tariff on both USMCA members takes effect April 2, though implementation has been delayed twice. Farmers begin to feel tariff pinch In response to newly-imposed 20 percent U.S. tariffs on most Chinese goods, Beijing has imposed an array of retaliatory tariffs on American agricultural products, calibrated to target goods that China can replace with other sources. The tariffs include a 15 percent hike on U.S. exports of chicken, wheat and corn, and a 10 percent hike on soybeans, pork, beef and fruit. Goods that are already en route will not be affected, so long as they arrive by April 12. "Farmers are frustrated. Tariffs are not something to take lightly and 'have fun' with. Not only do they hit our family businesses squarely in the wallet, but they rock a core tenet on which our trading relationships are built, and that is reliability," said Caleb Ragland, a soy farmer and the president of the American Soybean Association.
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Thomas Herlihy November 17, 2019
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Thomas Herlihy November 17, 2019
Vehicula dolor amet consectetur adipiscing elit. Cras sollicitudin, tellus vitae condimem egestliberos dolor auctor tellus.