4/3/2025 8:00 am

Quick update if you haven’t been keeping up with the tariff news since yesterday afternoon.

All U.S. imports will be subject to a 10% tariff, effective April 5.

China will be hit with a new 34% tariff, adding to previous duties, like the 20% tariff Trump imposed over fentanyl. That means the base tariff rate on Chinese imports will be 54%.

Trump will impose even higher rates on some nations that the White House considers bad actors on trade. For example, Japan faces a 24% duty and the European Union faces a 20% levy, effective April 9.

Some global leaders are vowing to retaliate, while others are hopeful there is still time to strike a deal with the U.S.

 Export Sales: OC wheat and NC corn sales exceed expectations.  Meal disappointed.

 3/11/2025