‘This Trade War Will Force Farms to Close’: Reactions to Trump's Latest Tariffs

President Donald Trump recently declared a national economic emergency, citing "foreign trade and economic practices" and announced a slew of tariffs that are set to affect various sectors, including agriculture. Trump's executive order imposes a universal 10% tariff on goods imported from all countries, effective April 5, alongside individualized reciprocal higher tariffs for countries with which the US has significant trade deficits.

These tariffs, part of a trade strategy to level the playing field, have met mixed reactions. Within the agricultural sector, prominent organizations like the American Farm Bureau Federation (AFBF) and the National Farmers Union (NFU) expressed concerns over the economic strain these tariffs impose on farmers, who heavily depend on both exports and imports for their livelihoods. AFBF President Zippy Duvall highlighted that more than 20% of farm income comes from exports, and the increased costs could threaten market share and competitiveness.

Political responses have also varied significantly. Sen. Thom Tillis criticized the tariffs for pushing farmers nearer to bankruptcy, while Sen. Amy Klobuchar warned of their potential irreparable economic damage. On the other hand, Sen. Tommy Tuberville offered support for Trump's tariffs, arguing they are necessary to protect American producers from unfair foreign trade practices.

The announcements have amplified discussions on trade policies with major partners like the EU, Japan, and India, who are set to face increased tariffs ranging from 20% to 26%. The UK will be subject to the base 10% tariff.

In Congress, there is an ongoing debate on reclaiming the legislative power over tariff implementation. Rep. Sharice Davids and others caution against the substantial burden these tariffs place on American families, emphasizing the risk to jobs and businesses.