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Over the weekend, President Donald Trump said he will increase a temporary tariff from ten percent to 15 percent on U.S. imports from all countries.
Reuters said that’s the maximum level allowed by law, and he made the move after the U.S. Supreme Court struck down his tariff program. Ag groups responded to the Court’s decision by calling on the White House for increased certainty in trade policy and to carve out exceptions for agricultural inputs in any new tariffs.
While the administration said it will pursue its trade agenda through other mechanisms, ag groups and other businesses urged the White House to recalibrate its tariff policy.
“We ask the administration to find other ways to resolve trade disputes and finalize recently announced trade frameworks,” said American Farm Bureau President Zippy Duvall. “America’s farmers and ranchers need stability to ensure that families across America can put food on their tables.”
NAFB news service
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