Tidbits, Tariffs Announcement, Canada Oilseed, Crude Oil Production, Broilers & Ethanol 4/3/25
- Wright Team
- Apr 3
- 4 min read
Highlights
Trump Tariffs announced in the Rose Garden of the White House at a press conference 4 to 5 PM Eastern Time yesterday applied to 180 countries. The list below was identified as the greatest offenders. Note that Mexico and Canada are not on the list:
Regarding Canada and Mexico, Trump’s Executive order stated, in part:
“With respect to articles from Canada and Mexico, I have imposed additional duties on certain goods to address a national emergency resulting from the flow of illicit drugs across our borders.
As a result of these border emergency tariff actions, all goods of Canada or Mexico as related to the Agreement between the United States of America, United Mexican States, and Canada (USMCA), continue to be eligible to enter the U.S. market under these preferential terms. However, all goods of Canada or Mexico that do not qualify as originating under USMCA are presently subject to additional ad valorem duties of 25 percent, with energy or energy resources and potash imported from Canada and not qualifying as originating under USMCA presently subject to the lower additional ad valorem duty of 10 percent.”
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