Trade policy decisions being made in Washington will impact farmers and ranchers in the countryside. This Market Intel report is part of a series exploring different topics related to agricultural trade, including the potential impacts of trade policy changes: Agricultural Exports 101 and Tallying Up the Latest Retaliatory Tariffs.

On April 2, 2025, US President Donald Trump unveiled sweeping new taxes—dubbed “Liberation Day” tariffs—targeting imports from nearly every country around the world. The move sent shockwaves through the global trade system and triggered a sharp downturn in international financial markets.

Trade laws and tariffs are complex and changing constantly. Here are some tactics to help you navigate and mitigate tariffs moving forward.

Trump invoked these tariffs under the International Emergency Economic Powers Act. Under Article 1, Section 8 of the Constitution, Congress has the exclusive power to regulate foreign trade.

“Rescinding the digital services tax will allow the negotiations of a new economic and security relationship with the United States to make vital progress and reinforce our work to create jobs and build prosperity for all Canadians,” Canadian Finance Minister François-Philippe Champagne said in a statement Sunday night.

Trade War Ground Zero: The largest U.S. ports, in Los Angeles County, are a bellwether for the economy. They are being whipsawed by Trump’s chaotic tariff strategy.

Our Sources. Congressional Budget Office, "The Effects of Tariffs and Trade Barriers in CBO’s Projections," Aug. 22, 2019Tax Foundation, "Tracking the Economic Impact of U.S. Tariffs and ...

A tariff is a tax imposed by a government on imported goods and services.Countries use tariffs as a tool to regulate trade, protect domestic industries and generate revenue.

The administration revealed how they calculated the tariffs. Buried in that math is a straightforward answer to a question Trump has long refused to answer: How much will his tariffs raise prices?

Understanding Tariffs Historical Impact and Economic Risks in Modern Trade Policy December 18, 2024 — 02:54 pm EST Written by Taylor Sohns MBA, CIMA®, CFP® for Due.com ->

International trade is a complex web of regulations, agreements and logistics. For those whose businesses rely upon international trade two things are certain, (1) tariffs will impact your supply ...