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Navigating the Trump Tariff Turbulence: A Comprehensive Timeline
US President Donald Trump and his administration have paused reciprocal tariffs on most countries.
“Based on the lack of respect that China has shown... I am hereby raising the [tariff] charged to China by the [USA] to 125%, effective immediately,” wrote Trump on Truth Social at 1:18 pm ET.
It’s not clear if this 125% is in addition to the 20% imposed on Chinese imports to the US. In early March, Trump noted that he would add another 10% tariff on Chinese goods...
CME Feeder Cattle Plunge Further, Hit Expanded Daily Limits
The cattle complex on the Chicago Mercantile Exchange is deepening its steep losses in early Monday trading, extending Friday’s sharp sell-off that saw all but the nearby live cattle contract end at limit-down.
As of 9:50 a.m. ET, live cattle futures are sliding between $4.00 and $7.70, while most feeder contracts are hitting the expanded daily limit.
Both live ($10.75) and feeder cattle ($13.75) futures will trade under expanded limits today.
The recent downturn likely reflects long liquidation across both live and feeder futures markets as traders digest a range of developments, including the Trump administration’s plan to increase imports...
Tariff Talks 2025: Expana’s Weekly Rundown #32
Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.
Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #32."
This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.
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This week, the US administration has continued to pressure trading partners like India to curb imports of Russian oil as to sanction the country during its war with Ukraine, cited Expana...
Secretary Rollins Announces Plan for American Ranchers and Consumers
Today, U.S. Secretary of Agriculture Brooke L. Rollins, Secretary of the Interior Doug Burgum, Secretary of Health and Human Services Robert F. Kennedy Jr., and Small Business Administrator Kelly Loeffler announced a suite of actions to strengthen the American beef industry, reinforcing and prioritizing the American rancher’s critical role in the national security of the United States. Since 2017, the United States has lost over 17% of family farms, more than 100,000 operations over the last decade. The national herd is at a 75-year low while consumer...
President Trump Undercuts America’s Cattle Producers
In a misguided effort to lower the price of beef in grocery stores, President Trump said he plans to increase the volume of beef being imported from Argentina. Efforts to manipulate markets only risk damaging the livelihoods of American cattlemen and women, while doing little to impact the price consumers are paying at the grocery store.
“The National Cattlemen’s Beef Association and its members cannot stand behind the President while he undercuts the future of family farmers and ranchers by importing Argentinian beef in an attempt to influence prices,” said NCBA CEO Colin Woodall...
Tariff Talks 2025: Expana’s Weekly Rundown #30
Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #30."
On October 7, US President Trump and Canadian Prime Minister Carney met in the White House. The possibility a US-Canadian trade deal was a main topic of discussion...
USDA Refines SNAP Requirements
As of today, the US Department of Agriculture plans to refine the requirements around government subsidized food stamps or Supplemental Nutrition Assistance Program (SNAP), according to a USDA press release which cited the Trump administration's goal to "turn the tide" on chronic disease in America.
"Currently, SNAP retailers are required to stock three varieties of food in each of four staple food categories – dairy, protein, grain, and fruits and vegetables – 12 foods total," read the release which proposes doubling the number of food choices, closing loopholes allowing snack foods, and simplifying the standards for retailers...
Tariff Talks 2025: Expana's Weekly Rundown #27
Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #27."
US tariff revenue may be used to fund the nation’s farmers, reported Reuters about an interview between Agriculture Secretary Rollins and the Financial Times...
Tariff Talks 2025: Expana's Weekly Rundown #26
Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #26."
Despite 50% tariffs remaining on Brazil and India, the Indian Prime Minister Modi and US President Trump expressed positivity that the respective trade teams would reach a deal, according to their latest social media...
Canada Drops Most Retaliatory Tariffs on US Goods
Canadian Prime Minister Mark Carney announced on August 22 that Canada will drop most retaliatory tariffs on US products, with the changes taking effect September 1. Carney clarified during a press conference that tariffs on US autos, steel, and aluminum will remain for now, but asserted that Canada now holds the best trade deal of all US trading partners.
Under the new policy, tariffs on US goods will be lifted if the products are exempt under the United States-Mexico-Canada Agreement (USMCA)...
Trump Says Immigration Plan Will Balance Farm Labor Needs and Border Security
US President Donald Trump said he is crafting an immigration plan aimed at bridging the gap between American farmers who rely on immigrant labor and advocates for stricter border policies—a balancing act that has taken center stage amid recent enforcement actions disrupting agricultural operations nationwide.
"The farmers want to have people who can work very hard in the field, and the other people don't want to have anybody from outside of our country. And I am working on a plan that I think is going to make...
Tariff Talks 2025: Expana's Weekly Rundown #21
Click to read: "Tariff Talks 2025: Expana's Weekly Rundown #21."
On August 6, US President Trump issued an executive order that imposes a new 25% additional ad valorem tariff on imports from India into the States, effective 21 days after the White House announcement...
Trump Signs Sweeping Executive Order Revamping US Tariff Rates; 15% Floor for Deficit Nations
President Donald Trump signed an executive order on July 31, unveiling a massive overhaul of US tariff policy, introducing a series of new import rates for US trading partners (find the full rate list below).
Under the new plan, countries with which the US has a trade deficit will face a minimum 15% tariff, affecting more than 30 nations. Meanwhile, the administration’s existing 10% “universal” tariff will remain in place for countries where US exports exceed imports...
FEATURED STORIES
ANALYSIS: US Cattle Grading Prime at Unprecedented Levels
ANALYSIS: US Shell Egg Market Strengthens on Improved Demand, Ongoing Disease Concerns
ANALYSIS: Colombia Emerges as a Fast-Growing Market for US Pork
ANALYSIS: Mexican Beef Exports Surge Amid Higher Brazilian Supply
ANALYSIS: Imported Argentine Beef to the US Figures Up YOY Ahead of Increased Quota Announcement