In a move that has already provoked retaliatory measures, the Trump administration today announced its intention to impose a 25 percent tariff on steel and a 10 percent tariff on aluminum imports from the European Union, Canada, and Mexico, effective midnight Thursday.
National Farmers Union (NFU), a grassroots, producer-driven organization, has long advocated fair and transparent trade policies that reduce the U.S. trade deficit and support family farmers and ranchers. In response to the announcement, National Farmers Union (NFU) President Roger Johnson released the following statement:
“Unfettered free trade has characterized U.S. trade relationships for many decades, often at substantial cost to our farmers and ranchers and our nation’s economy. Though we agree with President Trump’s inclination to address unfair trading practices and reduce our trade deficit, provoking a global trade war with our closest allies hardly seems like a solution.
“Indeed, these on-again, off-again tariffs will likely result in the opposite of their intended effects. Agriculture is always the first casualty of retaliatory tariffs, and it is no different in this instance. All targeted countries have already announced that they will levy taxes on a number of U.S. agricultural products, which could have widespread, negative consequences for family farmers and ranchers.