According to industry publications, many of America’s farmers’ top international customers are also top producers of aluminum and steel. The farmer, who exports a large share of agricultural production to customers all over the world, is concerned that the foreign governments affected by the steel and aluminum tariffs will retaliate by increasing import tariffs on U.S. agricultural goods, making U.S.-sourced foods less competitive.
“The agriculture sector knows from experience that our ag exports are the first to be hit by retaliation. Whether it’s our chickens in retaliation for tariffs on Chinese tires, or U.S. apples and wine exports as a result of a Mexican trucking dispute, historically, agriculture always has the biggest target on its back.”
How else will steel and aluminum tariffs impact agriculture? Read the entire AFBF Market Intel report here.
