The White House press secretary announced this afternoon that starting Saturday, February 1, 2025, the Trump administration will impose a 25 percent tariff on imports from Canada and Mexico and a 10 percent tariff on goods from China.
According to the USDA, Canada is the number one supplier of agricultural products to the U.S., including produce, grains, and meat. Mexico is the third largest supplier and accounts more than 30 percent of horticultural products, including fruits and vegetables.
President Trump said the tariffs would benefit the U.S. economy. However, many economists predict tariffs will lead to food price increases. Experts also say the tariffs could impact farmers, since countries often respond by placing tariffs on American agricultural exports. During his last term, President Trump paid farmers tens of billions of dollars to offset losses they accrued due to tariffs. (Link to this post.)
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