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Farmers face uncertainty amid trade tensions

  • President Donald Trump announced on April 2 that he would impose a 10% baseline tariff on all imports to the U.S. And higher duties on some trading partners.
  • Frayne Olson noted that the effective tariff rate on U.S. Soybeans going to China could exceed 60% due to existing tariffs.
  • Josh Gackle commented on April 3 that the broader tariffs create uncertainty for farmers about market conditions and profitability.
  • Experts warned that ongoing trade tensions could impact the agricultural economy.
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Farmers 'stuck in the middle' of trade war as experts expect continued uncertainty

Farmers deal with plenty of uncertainty. For example, the 8 inches of snow that fell on Josh Gackle’s farm in Kulm, North Dakota, on the first days of April. But they’re used to managing that kind of uncertainty. Adding additional uncertainty into the equation this year has been the back-and-forth from the Trump administration on tariffs that has been going on since early February. President Donald Trump on April 2, announced he would impose a 1…

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CTV News broke the news in Canada on Thursday, April 3, 2025.
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