tariffs

The spring planting season is getting started for many Midwest farmers. Federal data suggests that fewer acres will be planted in soybeans than last year, in part because of the U.S. trade war with China.

The United States has imposed a blanket 10% tariff on nearly all imports and a 145% tariff on most imports from China. Here is what these moves could mean for Oklahoma agriculture.

The U.S. trade war with China is coming at a tough time for American farmers, who are already dealing with lower crop prices and higher costs for farm necessities. Tariffs are likely to push crop prices further down, while increasing the costs for fertilizer and farm equipment.

Consumers can expect to see an increase in coffee, chocolate, cars, electronics and more due to the sweeping tariffs put in place by President Trump. Experts predict the rise in prices could cost the average family living in America between $1,200 and $4,000 a year.

The Kansas Department of Transportation said that federal steel and aluminum tariffs, which are already in place, are going to make it more expensive to work. Another wave of tariffs are expected on April 2.

The Trump administration’s tariff announcements this week are bringing uncertainty to farmers going into planting season. Farm groups warn that retaliatory tariffs will add an additional “burden” to U.S. producers.

Claudia Sheinbaum called Trump's moves to enact 25% tariffs on Mexico and Canada a no-win situation.

From produce to new cars, economists say Texas will be particularly hamstrung by the new tariffs.

Farmers, politicians and agriculture experts are raising alarm about the impact of potential tariffs on Canadian potash, a key mineral needed for fertilizer.

President-elect Trump has announced plans to impose 25% tariffs on goods from the two countries.