|
|||
|
Aug. 5, 2026 BrownfieldAgNews reports: An ag economist says the Trump administration's latest round of tariffs could have long-term implications for U.S. agricultural trade with Canada. Ian Sheldon with Ohio State University says the Section 338 tariffs are being used as leverage in trade negotiations between the two countries. "The administration has moved from the original liberation day tariffs to these Section 338 tariffs, which have never actually been used," he says. "Under the Section 338 tariffs, the administration doesn't have to conduct any sort of investigation." President Trump's 50 percent tariffs targeting Canadian dairy and alcohol are set to take effect on August 19th. Sheldon tells Brownfield the move represents a significant shift in the administration's trade strategy. "I can see the risk," he says. "It's increasing this huge amount of trade policy uncertainty. It might be a warning to other trading partners of the United States that if they retaliate, they could become a target, just like Canada." Sheldon says maintaining access to a key trading partner will remain critical for future U.S. export growth. Canada is the second largest export market for U.S. agricultural goods. Tweet |
|
|
||||||||||||||||