The 'devastating effect' tariffs could have on US farming

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President Donald Trump has proposed an aggressive trade strategy, including 25% tariffs on Mexico and Canada, 10% tariffs on Canadian energy, and a 10% tariff on Chinese imports. Although most of these tariffs have been delayed, market participants view the proposals as highly inflationary, with potential widespread impacts across multiple industries. National Black Farmers Association founder and president John Boyd Jr. joins Catalysts to speak with co-hosts Madison Mills and Seana Smith about the possible impacts of tariffs on the agriculture industry. "The proposed tariffs that the president is speaking about will have a devastating effect on America's soybean producers such as myself," Boyd says. Boyd warns that the tariffs will also significantly impact consumers. He explains, "If you can't get goods and services in and out of this country, as far as it goes for food, there's going to be higher prices for America's consumers and local grocery stores around this country." Watch the full interview with Boyd for a full analysis of how these tariffs could reshape farming dynamics and affect supply and demand. #youtube #stocks #tariffs About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R

Published 2025-02-06 · Watch on YouTube ↗
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