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  4. Tariffs, March 4

Tariffs, March 4

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  • W Offline
    W Offline
    wtg
    wrote on 4 Mar 2025, 00:51 last edited by wtg 3 Apr 2025, 00:52
    #1

    Here we go again.

    Impact on agriculture.

    “To the Great Farmers of the United States: Get ready to start making a lot of agricultural product to be sold INSIDE of the United States,” Trump posted on Truth Social. “Tariffs will go on external product on April 2nd. Have fun!”

    Tariffs on foreign goods imported into the United States can hit farmers in several ways. Trump’s recent tariffs on Chinese goods will make herbicide imported to keep Iowa fields weed-free more expensive, The Washington Post said.

    More than 80% of the United States’ supply of a key fertilizer ingredient — potash — comes from Canada, American Farm Bureau President Zippy Duvall noted in a statement last month as he expressed alarm about potential harm to farmers.

    Tariffs on steel and aluminum could boost the cost of tractors and other farm machinery. And retaliatory measures by other nations could make it harder for American farmers to sell their goods abroad.

    “Farm and ranch families answer the call to feed America’s families and the world, and these tariffs and the promised retaliation will put further stress on their livelihoods,” Duvall said. “More than 20% of U.S. farm income comes from exports.”

    Three markets dominate that export trade. Last year U.S. farmers exported more than $30 billion in agricultural products to Mexico, $29 billion to Canada and $26 billion to China, Duvall said. That accounted for nearly half of all exports by value combined.

    Suzanne Shirbroun, whose family has worked the same land in Iowa since 1874, told The Post she needs more potential buyers than just those in the United States.

    “I’m going to have a lot of soybeans and corn that I need to move,” Shirbroun said. “Our goal is to make Iowa and U.S. soybean farms profitable. And to do that, we need these international markets. We need to keep growing demand.”

    https://www.cleveland.com/nation/2025/03/trump-issues-warning-to-farmers-with-tariffs-looming-on-us-imports.html

    When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

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    • B Offline
      B Offline
      Bernard
      wrote on 4 Mar 2025, 01:26 last edited by
      #2

      And stocks tumbled today.

      W 1 Reply Last reply 4 Mar 2025, 17:15
      • P Offline
        P Offline
        Piano*Dad
        wrote on 4 Mar 2025, 01:50 last edited by
        #3

        The bulk of America's farmers voted for Trump. This is their reward.

        Crazy economist who likes to write about higher education.

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        • P Offline
          P Offline
          Piano*Dad
          wrote on 4 Mar 2025, 03:29 last edited by Piano*Dad 3 Apr 2025, 03:30
          #4

          Ontario to cut off electricity to the US:

          https://www.theglobeandmail.com/canada/article-doug-ford-ontario-response-trump-tariffs/

          Nickel exports to be cut off as well.

          Crazy economist who likes to write about higher education.

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          • S Offline
            S Offline
            ShiroKuro
            wrote on 4 Mar 2025, 03:58 last edited by
            #5

            This is what happens when you elect an idiot.

            1 Reply Last reply
            • P Offline
              P Offline
              pique
              wrote on 4 Mar 2025, 04:55 last edited by pique 3 Apr 2025, 04:55
              #6

              Anyone have any thoughts as to whether our personal savings and investments can be hedged to avert disaster? If we lose our SS, our savings need to be secure so we have something to live on. Wondering if offshore accounts and investments make any sense...

              fear is the thief of dreams

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              • B Bernard
                4 Mar 2025, 01:26

                And stocks tumbled today.

                W Offline
                W Offline
                wtg
                wrote on 4 Mar 2025, 17:15 last edited by
                #7

                @Bernard said in Tariffs, March 4:

                And stocks tumbled today.

                And more today.

                https://www.cnbc.com/2025/03/03/stock-market-today-live-updates.html

                When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

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                4 Mar 2025, 17:15


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