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Indebta > Investing > Farmers Are Under Hammer From Tariffs. It Could Be Worse This Time.
Investing

Farmers Are Under Hammer From Tariffs. It Could Be Worse This Time.

News Room
Last updated: 2025/03/06 at 2:06 AM
By News Room
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Published: March 5, 2025 at 5:05 p.m. ET

American farmers are getting squeezed—again—by both U.S. tariffs and retaliation from major trade partners. This time, it might cost the government more to keep them afloat, and the long-term damage could be worse.

Tariffs against major U.S. trade partners took effect on Tuesday. The U.S. imposed a 25% levy on nearly all imports from Mexico and Canada—a one-month exemption for cars was granted on Wednesday—while it doubled to 20% a tariff it imposed on all Chinese products in February.

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News Room March 6, 2025 March 6, 2025
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