America’s farmers are once again caught in the crossfire of a trade fight with China. After tariffs first shifted soybean and corn markets toward South America in 2018 and 2019, a second, broader trade war is now weighing even heavier. Over the[...]
Tag: Tariffs & Trade
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Far fewer Canadians are visiting the U.S. this year, new numbers show
Canadian travel to the U.S. is down sharply — nearly 37% fewer vehicle trips this July compared to last year, and a 17% drop overall since January. For border businesses, that shift is striking. At Bluff Point Golf Resort in Plattsburgh, NY,[...]
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Tariff tensions: North Dakota ag feels the heat
New tariffs on imports from Canada and dozens of other countries are rippling through North Dakota’s farm economy, raising equipment and fertilizer costs while stalling key export orders — especially from China, the state’s largest soybean customer. Local ag leaders say the[...]
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On This Day | Taking Out Tariffs
Every American who goes abroad is entitled to bring back $100 worth of liquor free from all tariff and internal revenue taxes, says the United States Customs Court of Appeals and the Treasury department is accepting it without further contest. -- August[...]
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Record US farm trade deficit fuels legal fight over Trump’s tariff powers
America’s farm exports once anchored our global trade position—now they’re showing a growing weakness. The U.S. is on track to post its largest agricultural trade deficit ever, a $49.5 billion gap that reflects more than shifting numbers. It’s a warning light in[...]
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Trump sets EU tariff at 15%, lower than his original threat, after meeting in Scotland
While visiting his golf resort in Scotland, former President Trump announced what he called “the biggest” trade deal yet with the European Union. The agreement reportedly cuts threatened U.S. tariffs on EU exports from 30% to 15%, while the EU commits to[...]
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Tariffs Threaten the Cost of Your Morning Coffee
The comforting ritual of your morning coffee might soon come with sticker shock. Small roasters like Lost Sock in Washington, D.C., are bracing for sharp cost increases as a new 50% tariff on Brazilian coffee looms — just one of several tariffs[...]
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Filipino sailors dock in Mexico … and help invent tequila?
Your next margarita might come with more than a salted rim — it comes with a backstory that crosses oceans. While tequila is proudly Mexican, its origins may be intertwined with Filipino sailors who brought distilling know-how across the Pacific centuries ago.[...]
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New wheat trade deal expected to benefit North Dakota growers
A rare piece of good news has landed for wheat growers across North Dakota: Bangladesh has agreed to buy 700,000 metric tons of U.S. wheat annually for the next five years. For producers who’ve been navigating fickle prices, tough weather, and stiff[...]
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Wall Street is winning the trade war
While much of the world braces for the next twist in today’s chaotic economy, Wall Street is quietly cashing in on the disorder. The latest earnings from major banks reveal just how lucrative volatility has become: trading desks at Goldman Sachs, JPMorgan,[...]
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Inflation heats up in June as President Trump’s tariffs start to bite
Prices are rising again, and it's looking increasingly like tariffs are the culprit. The latest numbers show a 2.7% jump in consumer prices over the past year, with noticeable increases in rents, clothing, and household goods. With the impacts of the trade[...]
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Trump throws the sugar industry a fresh lifeline with new restriction on imports
Sugar policy has long been a balancing act in the U.S., but this week the Trump administration tipped the scales firmly toward domestic producers. New restrictions will block some specialty sugar imports, part of a broader push to shield American farmers from[...]
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Listen: ‘Everyone loses’: Sweden reacts to Trump’s EU tariff threat
Sweden is sounding the alarm as tensions rise across the Atlantic. With the U.S. threatening steep new tariffs on European imports, Swedish leaders are warning that no one wins in a trade war—only jobs and economic stability are at risk. Prime Minister[...]
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Largest grain terminal in the Duluth-Superior port set to close
Fewer salties will be making their way through Duluth-Superior this fall, as CHS Inc. shutters its massive grain terminal in Superior, Wisconsin, by the end of August. For decades, this terminal loaded grain—especially durum wheat—for shipment across the Atlantic to Europe and[...]
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Trump threatens a 35% tariff on Canada — and a blanket import tax on everyone else
Trade tensions are heating up again — this time with Canada squarely in the spotlight. President Donald Trump has threatened a steep 35% tariff on Canadian imports starting August 1 unless Ottawa agrees to his trade demands, with hints that broader tariffs[...]
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Tallying the two channels of job losses from tariffs
Tariffs are often pitched as a way to bring factory jobs back home—but the math doesn’t hold up. New analysis suggests that current and proposed U.S. tariffs on Chinese goods could cost up to 3.4 million American jobs. Why? Because most trade[...]