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
NC farmers concerned about USDA funding cuts, looming tariffs
REIDSVILLE, N.C. (WGHP) — Farmers here in the Triad and across the nation are facing uncertainty as new tariffs are set to be implemented on Wednesday. It's already been nearly a month since President Donald Trump announced tariffs against Canada, China and Mexico. These policies, combined with major budget cuts to the U.S. Department of Agriculture, are raising concerns for many in the agricultural industry. John Ashe, a farm owner in Reidsvill…
Tariff-battered U.S. farmers are getting exactly what they deserve: ex-GOP insider
David Frum, a former speechwriter for President George W. Bush, believes that American farmers are getting exactly what they deserve if they find themselves getting hurt by President Donald Trump's trade wars.Writing in The Atlantic, Frum breaks down all the ways that Trump's tariffs will hurt Ameri...
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