- President Donald Trump announced tariffs on "external" agricultural products starting April 2 to protect domestic farmers and reducing the trade deficit in agriculture.
- The tariffs will target imported agricultural products such as fruit, vegetables, nuts and tropical goods, potentially affecting up to 65 percent of inbound crop shipments.
- These new tariffs could benefit U.S. domestic producers, such as soybean oil and canola, by preventing competition from imports from countries like China and Canada.
- Trump has consistently emphasized tariffs as a key part of his economic agenda, signing an executive order to explore the creation of an "External Revenue Service" to focus on trade-related revenues.
- In addition to agricultural tariffs, Trump has imposed new tariffs on a range of goods from Mexico and Canada, as well as announced potential tariffs on other key imports, citing unfair trade practices and the need to protect American jobs and industries.
President Donald Trump has announced that the country will impose tariffs on "external" agricultural products starting April 2.
The announcement, made through an announcement on his Truth Social platform, seeks to protect domestic farmers and reduce America's growing trade deficit in agriculture.
"To the Great Farmers of the United States: Get ready to start making a lot of agricultural product to be sold INSIDE of the United States. Tariffs will go on external product on April 2nd. Have fun!" the president posted Monday, March 3, on Truth Social.
The decision comes as the U.S. Department of Agriculture (USDA) reported that the U.S. food imports have surged, pushing the country's agriculture trade deficit to a record $49 billion this year.
The tariffs, which will target fruit, vegetables, nuts and other imported agricultural products, could have far-reaching effects on the U.S. market. According to USDA data, these products typically account for at least half of inbound crop shipments into the country. Additionally, sugar, coffee, cocoa and other tropical products, which account for about 15 percent of imports, could also be impacted.
These new tariffs could be particularly beneficial for U.S. domestic producers, such as soybean oil and canola, as they could prevent imports from countries like China and Canada. However, the president did not provide more details on which products would be affected or if there would be any exceptions.
Trump imposes a series of new tariffs on imports from different countries
The president has consistently emphasized tariffs as a key part of his economic agenda, vowing to reshape U.S. trade relations. To support this strategy, Trump signed an executive order on Jan. 20 directing federal agencies to explore the creation of an "External Revenue Service," which would focus on collecting tariffs, duties and trade-related revenues.
In line with this, Trump announced a series of new tariffs on imports from different countries, aside from reducing or imposing tariffs on "external" agricultural products.
For instance, on Feb. 27, Trump imposed a 25 percent tariff on a range of goods from Mexico and Canada, two of the United States' largest trading partners. In addition, an extra 10 percent tariff was announced on Chinese imports, which will be added to existing duties from Trump's first term. These new tariffs went into effect on March 4.
Trump has cited unfair trade practices and global oversupply as the reasons for these tariffs. The administration has also signaled potential tariffs on other key imports, including lumber, automobiles, pharmaceuticals, semiconductors, copper and other goods. (Related: Trump stands firm on tariffs: Mexico, Canada and China face new trade measures over fentanyl crisis.)
"We cannot allow this scourge to continue to harm the USA, and therefore, until it stops, or is seriously limited, the proposed tariffs scheduled to go into effect on March Fourth will, indeed, go into effect, as scheduled," Trump wrote.
The administration has repeatedly stated that these tariffs are necessary to protect American jobs and industries from what it perceives as unfair competition from other countries.
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