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Farmers prepare for potential fallout from Trump's Wednesday tariffs

  • On Wednesday, April 2, 2025, Donald Trump plans to reveal his economic plan that includes new tariffs.
  • Trump believes tariffs are worth the economic damage to spur U.S. Production and reclaim manufacturing status.
  • The tariffs aim to increase federal revenue by $600 billion annually, potentially a $6 trillion tax increase.
  • Farmers fear retaliatory tariffs, preferring market access to government payments, despite potential government assistance.
  • Economists estimate a full-blown trade war could cost $1.4 trillion, raising consumer costs and risking market share.
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naked capitalism broke the news in on Tuesday, April 1, 2025.
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