cross-posted from: https://lemmy.world/post/27777293

Tariffs threaten to upend markets American farmers depend on

Summary

New tariffs under Trump threaten U.S. farmers who rely heavily on exports, with leaders warning of rising input costs and potential market losses. Over 20% of U.S. farm income depends on exports, according to farm groups.

Tariffs on countries like Vietnam (46%) and the Philippines (17%) could spark retaliatory actions, cutting demand for U.S. crops.

Farmers, already facing high equipment and fertilizer costs, fear long-term damage to trade relationships.

Some hope Trump will use tariffs to expand markets, but others remain skeptical, recalling mixed outcomes from past trade wars.

  • RentlarEnglish
    18·
    3 days ago

    Trump’s tarrifs are lowering your tax bill

    …by reducing your income.

    • forrgott@lemm.eeEnglish
      18·
      3 days ago

      Except, as I’m sure you know, when Mr Cheetos Face says “lower your taxes”, he’s specifically talking to billionaires. And only the billionaires. Same as any other god forsaken Republican. The number of times in my life I’ve heard that bullshit line, then watched them raise my fucking taxes… I’m gonna stop there cause I’m already feeling like doing something violent, and I got shit to do today.