Reported about 12 hours ago
President Donald Trump announced that the US will implement tariffs on external agricultural products starting April 2, in response to a record agriculture trade deficit of $49 billion driven by ballooning food imports. The move, which threatens to escalate trade tensions, includes a 25% tariff on goods from Canada and Mexico and a doubling of the levy on Chinese imports. While the tariffs aim to protect US farms, economists warn higher import taxes could exacerbate inflation and impact consumers.
Source: YAHOO