China’s latest retaliatory move in the deepening trade conflict with the United States has dealt a major blow to American farmers, with soybean exports at the epicenter. The new tariffs, unveiled Friday, include sweeping 34% duties on all U.S. imports, effectively pricing out a large swath of American agricultural products from the Chinese market. Brazil,…
A recent farm show in Regina, Canada witnessed many farmers hesitant to buy new equipment like tractors and harvesters, leave alone new-tech machinery. Apparent are worries about tariffs making already expensive machines even more costly, following US-China retaliatory measures. Some of these machines, like combines, cost more than $800,000. If tariffs suddenly raise prices, farmers…
Cognac producers in southwestern France are facing mounting economic pressure as a wave of new U.S. tariffs deepens the challenges already posed by declining global demand and earlier Chinese trade retaliation. The latest blow came with U.S. President Donald Trump’s decision to impose a 20% tariff on all European goods, including French cognac, a move…
President Donald Trump’s sweeping 10% tariff on all imports has sent shockwaves through the global economy, rattling financial markets, disrupting trade norms, and sparking consumer panic across the United States. The tariff—applied unilaterally at U.S. seaports, airports, and customs facilities—marks a dramatic departure from the decades-old framework of negotiated trade agreements. Kelly Ann Shaw, a…
April 5, 2025 — Leading global economists and brokerages are warning that the U.S. economy is on the brink of a recession, triggered by the sweeping reciprocal tariffs announced by former President Donald Trump. As the trade war escalates, the economic outlook for the world’s largest economy has darkened considerably. In a sobering revision, JPMorgan…
