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Global Markets: Trump sets uncertainty record

Tariffs to be up to 20 per cent depending to the country

Reading Time: 2 minutes

Published: April 1, 2025

By Glen Hallick

 

Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.

 

  • Bloomberg reported on Tuesday that it’s uncertainty index hit a new record the day before United States President Donald Trump is to announce his wide-ranging tariff regime on U.S. imports from most other countries. Bloomberg said its index reached 10 points after Trump has been president for less than three months. During his first term the index topped out at 4.85 points. A White House spokesperson said on Tuesday that .
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  • On Tuesday, the U.S. Department of Agriculture reported winter wheat ratings largely improved over the last week. In Illinois the crop jumped 13 points at 69 per cent good to excellent, Colorado climbed eight at 58 per cent, Nebraska gained seven at 30 per cent, Texas improved five at 63 per cent and Indiana also rose five at 72 per cent. Oklahoma slipped three points at 33 per cent good to excellent, while Kansas was unchanged at 49 per cent. The USDA is set to resume its weekly crop progress reports on Monday.

 

  • Pulse Canada called on the federal parties in the general election to put trade at the forefront. The organization that represents the country’s pulse growers, traders and processors said 85 per cent of Canada’s pulse production is dependent on exports. “Canada cannot afford to rely on empty rhetoric,” said Pulse Canada chair Terry Youzwa. “It’s time for real diplomacy to eliminate trade barriers. Our future depends on leaders who are ready to champion a bold, proactive trade agenda.”

 

  • Reports on Tuesday said up to 25 per cent of Brazil’s second corn crop is under stressed due to dryness. With little rain in the country’s two-week weather outlook, that could see crop stress increase to 50 per cent. Also known as the safrinha crop, it’s the smaller of the semi-annual corn harvests in Brazil.

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