Farmers prepare for potential fallout from Trump's Wednesday tariffs
- On Wednesday, April 2, 2025, Donald Trump plans to reveal his economic plan that includes new tariffs.
- Trump believes tariffs are worth the economic damage to spur U.S. Production and reclaim manufacturing status.
- The tariffs aim to increase federal revenue by $600 billion annually, potentially a $6 trillion tax increase.
- Farmers fear retaliatory tariffs, preferring market access to government payments, despite potential government assistance.
- Economists estimate a full-blown trade war could cost $1.4 trillion, raising consumer costs and risking market share.
39 Articles
39 Articles
'Have patience': Nebraska farmer expects short-term pain, long-term gain from Trump tariffs
LINCOLN, Neb. (KLKN) — After President Donald Trump’s tariff announcement Wednesday afternoon, there are fears that other countries will retaliate by targeting American agriculture products. Agriculture is Nebraska’s largest industry, with more than 40,000 farms active in the state and exports exceeding $3.5 billion in 2024. Larry Hudkins has been farming on land just northwest of Lincoln his entire life....
Local reaction to President Trump's latest tariff announcements
YUMA, Ariz. (KYMA, KECY) - President Trump's recent tariff announcements are having an impact both globally and in the Desert Southwest, particularly in the manufacturing and agriculture industries. Price increases for goods like aluminum could have an impact on nearby businesses that depend on these materials including auto shops, welders, and farmers. Certain tariffs are particularly affecting agriculture by raising the prices of manufacturing…
Fallout from new tariffs expected to hurt local ag exports, raise U.S. food prices
International tariffs of at least 10%, announced Wednesday by the Trump administration, are expected to lead to lower global competitiveness of some of Kern County's top ag exports while raising the grocery bills of U.S. households.
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