cross-posted from: https://lemmy.world/post/27777293

Tariffs threaten to upend markets American farmers depend on

Summary

New tariffs under Trump threaten U.S. farmers who rely heavily on exports, with leaders warning of rising input costs and potential market losses. Over 20% of U.S. farm income depends on exports, according to farm groups.

Tariffs on countries like Vietnam (46%) and the Philippines (17%) could spark retaliatory actions, cutting demand for U.S. crops.

Farmers, already facing high equipment and fertilizer costs, fear long-term damage to trade relationships.

Some hope Trump will use tariffs to expand markets, but others remain skeptical, recalling mixed outcomes from past trade wars.

  • Lemmyoutofhere@lemmy.caEnglish
    25·
    2 days ago

    “Some hope Trump will use tariffs to expand markets” somebody want to try and explain that one? LOL

    • Aidinthel@reddthat.comEnglish
      19·
      2 days ago

      People somehow still think Trump is an expert businessman who actually has a plan. If you assume that, it becomes plausible that this is a negotiating ploy, talking tough to get concessions out of other countries.