Tariff Delays - AFBF
From the Ag Information Network, this is today’s Fruit Grower Report. President Trump announced a 90-day pause in the reciprocal tariffs in place on many U.S. trading partners.
Dave Salmonsen, senior director of government affairs for the American Farm Bureau Federation, says the situation has changed rapidly over the last seven days …
SALMONSEN … “The ten percent tariffs went into effect last weekend. Specific country tariffs, the higher ones, were supposed to go into effect on April 9th, and then, the President came on April 9th and said, well, we're going to do a 90-day, pause. Right now, we're waiting to see what happens next, but the specific country, the very high tariffs, haven't gone into effect.”
It’s important to note there was one significant exception to the pause: China, which actually saw an increase in tariffs …
SALMONSEN … “Right now, we've got a 125% additional tariff on Chinese goods that would enter the U.S. ,and they had retaliated, and said, well, we're going to put up to an 84% tariff on U.S. goods going into China. We'll see what impact that has going forward on all U.S. goods exported, but, of course, particularly our agricultural exports.”
Salmonsen says the next three months will be critical for negotiations, but now is the time for a lot of the countries to be engaging in discussions with the administration.
Go to www.fb.org for the latest updates.
