Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Impact of Trump’s tariff raises on Idaho’s agricultural industry remains unclear
    Commodities

    Impact of Trump’s tariff raises on Idaho’s agricultural industry remains unclear

    April 10, 20253 Mins Read


    On Wednesday, President Donald Trump temporarily backed away from most of the tariff hikes he announced last week. While trading partners will still face a 10% tariff raise, he doubled down on China with a 125% increase. It’s unclear yet how that will affect Idaho’s agriculture, one of the state’s largest exporting industries.

    According to the USDA, America exports about $24 billion worth farm goods to China, making it the U.S.’ third largest agricultural partner. Over half of those exports are soybeans.

    “We don’t grow soybeans in the state of Idaho, which in this scenario is very good for Idaho farmers and ranchers,” said University of Idaho Economist Brett Wilder.

    Idaho exports about $4 billion of goods each year, a third coming from the agricultural industry. It also imports $6 billion worth of all commodities from abroad.

    “About 29% of our exports is dairy products. That’s generally dried dairy products, cheeses, etc,” Wilder said. “16% of our exports are potatoes or potato value added products. Eight percent is live cattle, going into either Canada or Mexico. About 6% of our exports are actually seeds for planting. We do quite a bit of pulse crops like dry beans, lentils, chickpeas.”

    According to the Idaho Department of Commerce, Idaho’s trade with China has been declining for the last few years, following a national trend. In 2023, the state exported about $180 million of goods to the country, with 55% coming from the food and agriculture industry.

    Farmers are used to volatility and uncertainty, Wilder said, but the pace at which tariffs have been changing make it difficult for producers to make decisions.

    “We’re in this window where people are deciding what crops they’re going to plant,” he said.

    Future crop yields and animal productions are planned months and years in advance.

    “People have to make that decision right now and live with that decision through the rest of the year, even if something changes next week.”

    Wilder says it’s hard to know what the impact of tariff hikes will have.

    “What the actual result is going to be, what the impact is to producers, what the impact is to cost of production, what the impact is at the consumer level. We’re not going to know that for months,” he said.

    Since tariffs will hit each product and industry differently, it’s also unclear how retaliatory tariffs will play out, he added.

    “Other than it’s fairly easy to say that consumers will see higher prices. That’s really the only thing that we can say with confidence,” Wilder said.

    On Wednesday, China announced 84% raises on tariffs to the U.S.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Strengthening Vietnam-US business partnership in the agricultural sector: Towards sustainable development and trade balance

    Commodities

    La recherche s’attaque au calcul du bilan carbone de l’IA

    Commodities

    Quand le métal devient métaphore de l’élévation : le 71e congrès des Compagnons serruriers du Devoir a réuni plus de 500 personnes à Nîmes

    Commodities

    De Nantes à Clisson, les micros festivals de métal dans l’ombre du Hellfest

    Commodities

    Rome’s Agricultural Renaissance

    Commodities

    cette découverte pourrait permettre de doubler la durée de vie des voitures électriques

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Stock Market

    Wall Street dégringole de près de 6% à la clôture

    Cryptocurrency

    Why Skyren DAO is the Best Cryptocurrency Investment of 2025

    Commodities

    From Metal Gear Solid To Fallout, These Are 5 of the Most Memorable Moments In Gaming History

    Editors Picks

    Costco’s gold bars are selling out. Here’s where else to buy them.

    October 14, 2024

    Researchers find traces of toxic metals in tampons

    July 14, 2024

    Seeking at Least 8% Dividend Yield? Raymond James Suggests 2 Dividend Stocks to Buy

    October 23, 2024

    Picture for UK expats ‘generally positive’ ahead of new tax rules

    April 4, 2025
    What's Hot

    Envirotech Vehicles, Inc. Enters Into Agreement To Receive U.S.-Made Heavy Lift Agricultural Drone And Plans To Commence U.S. Drone Manufacturing

    May 8, 2025

    IGB Commercial Real Estate Investment Trust redésigne Robert Tan Chung Meng au poste de Président exécutif -Le 19 mars 2025 à 11:24

    March 19, 2025

    Michael Saylor Makes Epic Bitcoin Statement as BTC Price Hits $60,000 By U.Today

    July 14, 2024
    Our Picks

    Real Madrid : Surprise, un plan B à 60 millions s’active en coulisses !

    May 9, 2025

    Good Buildings Swiss Real Estate Fund veut augmenter son capital

    May 12, 2025

    The Most Promising Cryptocurrency Investment for 2025 That Could Deliver Huge Profits

    February 14, 2025
    Weekly Top

    Dividend & Stock Split: TCS, Tata Motors, Coforge Among Shares To Trade Ex-Date This Week

    May 31, 2025

    De Nantes à Clisson, les micros festivals de métal dans l’ombre du Hellfest

    May 31, 2025

    How To Put $100 In Your Retirement Fund Each Month With Cintas Stock

    May 31, 2025
    Editor's Pick

    The commodities buccaneers boosting your dividends

    March 17, 2025

    Supreme Court Refuses to Hear “Passive” Park Public Use Property Rights Case

    October 22, 2024

    PFMcrypto Launches the Best Free Digital Asset Management Platform in 2025, Attracting Millions Worldwide

    May 5, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.