Reading Time: 4 minutes U.S. President Donald Trump's new 25 per cent tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20 per cent, sparking trade wars that could slam economic growth and lift prices for Americans still smarting from years of high inflation.
Trump triggers trade war with tariffs on Canada, China and Mexico
Canada to retaliate
U.S. grains: Corn extends slide as trade woes, big South American crops spur sell-off
Reading Time: 2 minutes Benchmark U.S. corn futures fell nearly three per cent on Monday as worries about trade tensions and ample South American harvests appeared to spur commodity funds to liquidate more of their large net long positions, traders said.
Trump to decide US tariff levels on Mexico, Canada as Tuesday deadline looms
Reading Time: 3 minutes U.S. President Donald Trump will decide on Monday what levels of tariffs he will impose early on Tuesday on Canada and Mexico amid last-minute negotiations over border security and efforts to halt the inflow of fentanyl opioids, his commerce secretary said.
Trump trade threats compound global ocean shipping uncertainty
Reading Time: 3 minutes The global ocean shipping industry that handles 80 per cent of world trade is navigating a sea of unknowns as U.S. President Donald Trump stokes trade and geopolitical tensions with historical foes as well as neighbors and allies.
Sheep grazing under solar panels help US farmers to survive crop-price slump
Reading Time: 4 minutes As U.S. farmers grapple with soaring debt and slumping incomes, some crop producers are trading their tractors for flocks of sheep, and starting up solar grazing businesses to help make ends meet.
U.S. grains: Chicago grains fall as tariff anxiety grows
Reading Time: < 1 minute Chicago wheat, corn and soybean futures dipped on Friday as market players continued to worry about the impact of tariffs on U.S. agricultural trade.
U.S. grains: Corn falls on US planting data, tariff confusion
Reading Time: 2 minutes Chicago corn was down sharply on Thursday as market players digested numbers from the U.S. Department of Agriculture's Outlook Forum as well as expectations of new U.S. tariffs on imports from Mexico and China, analysts said.
Trump sows confusion on tariff dates for Canada and Mexico
Tariffs will go ahead on March 4, White House officials say
Reading Time: 3 minutes U.S. President Donald Trump on Wednesday raised hopes for another month-long pause on steep new tariffs on imports from Mexico and Canada, saying they could take effect on April 2, and floated a 25 per cent “reciprocal” tariff on European cars and other goods.
U.S. grains: Chicago grains and soybeans dip on year-end positioning, tariff worries
Reading Time: 2 minutes Chicago corn, soy and wheat eased on Wednesday as traders took profits and monitored the possible impacts of U.S. tariffs on imports from Mexico and Canada, set to take effect on March 4 after a 30-day delay.
US will spend up to $1 billion to combat bird flu, USDA secretary says
Reading Time: < 1 minute The U.S. will invest up to $1 billion to combat the spread of bird flu, including increasing imports of eggs, agriculture secretary Brooke Rollins said on Wednesday.