US EditionDonald Trump’s tariffs will bring ‘nothing but pain’ to rural America, farmers say
- U.S. Stock markets fell sharply after President Donald Trump announced a 25% tariff on Canada and Mexico, leading to concerns about economic repercussions.
- Consumer confidence dropped significantly, marking the largest decline since August 2021, according to a Conference Board survey.
- Economists reported that even before the tariffs took effect, commodity prices had already risen by about 20%.
- Florida farmers expressed cautious optimism that Trump's tariffs could assist against foreign competition while noting the challenges posed by rising costs.
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GT Voice: Can American farmers withstand repercussions of US tariff policy?
The escalating costs associated with the US tariffs are rapidly materializing into a real and formidable crisis for American farmers, who are likely to be among the first to bear the brunt of the trade hostilities triggered by Washington’s tariff policy.
·Beijing, China
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Total News Sources13
Leaning Left3Leaning Right1Center6Last UpdatedBias Distribution60% Center
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- 60% of the sources are Center
60% Center
L 30%
C 60%
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