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The tariffs imposed on imports from Mexico, Canada and China by President Donald Trump could have far-reaching consequences for consumers in Iowa.
At one minute past midnight this morning, President Trump imposed a 25-percent tariff on all goods being brought into the U.S. from Canada and Mexico, Iowa’s two largest trading partners. Iowa Senator Chuck Grassley predicts it will likely mean Iowa consumers will soon start having to pay more for a wide range of products.
U.S. President Donald Trump's tariffs on imports from Mexico carry an outsized risk for farmers in Jacksonville, Illinois, as retaliation by Mexico could prompt corn buyers in that country to turn to rival growers in South America.
Iowa members of Congress answer questions about whether families, businesses, and farmers will face higher expenses because of President Donald Trump's proposed tariffs on Canada, Mexico, and China.
We need to work with our trading partners, identify issues that are important to our farmers and consumers around the world," said Aaron Lehman.
Davenport-R Island-Moline KWQC on MSN4d
Iowa farmers brace for impart as new tariffs take effect
As new tariffs on Canada, Mexico, and China officially took effect at 12:01 a.m. Tuesday. Iowa farmers are voicing concerns over the potential economic fallout.
Iowa’s Secretary of Agriculture warns farmers to brace for the impact of retaliatory tariffs on U.S. ag exports. Mike Naig tells Brownfield Canada has already retaliated and Mexico is expected to. “Factually,
Trump put 25% tariffs on goods from Canada and Mexico this week. Yesterday, he gave U.S.-made cars a break. Today, he is giving Mexico a broader exemption.
With President Trump's tariffs now in effect, Canada, China and Mexico announced plans for retaliatory tariffs on US goods.
Trump put 25% tariffs on goods from Canada and Mexico on Tuesday. Markets tanked. And by Thursday, he had decided to broadly lift them.