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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Tariff-battered U.S. farmers are getting exactly what they deserve: ex-GOP insider
David Frum, a former speechwriter for President George W. Bush, believes that American farmers are getting exactly what they deserve if they find themselves getting hurt by President Donald Trump's trade wars.Writing in The Atlantic, Frum breaks down all the ways that Trump's tariffs will hurt Ameri...
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Leaning Left4Leaning Right1Center8Last UpdatedBias Distribution62% Center
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- 62% of the sources are Center
62% Center
L 31%
C 62%
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