All three countries have promised retaliation, increasing tariffs on U.S. exports, in response to Trump’s demands.
Despite retaliation from the trading partners of the United States, Trump said farmers are "going to have a field day" after an "adjustment period."
"To our farmers, have a lot of fun, I love you too," said Trump during an address to Congress.
The potential impact has worried some Wisconsin farmers.
“Every time that (tariff) is mentioned, the prices for our products that we’re selling, our soybeans, those prices go down,” said Doug Rebout, president of the Wisconsin Soybean Association. “When that happens, it’s not just affecting us on our farm, but it’s also affecting our local communities.”
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