The introduction of tariffs in the US could significantly increase demand for Ukrainian corn

President Trump has imposed a 10% tariff on all US imports, with additional tariffs ranging from 10-34% for countries that tax US exports effective April 9. This includes major agricultural buyers, leading to potential retaliation from China and the EU. In response, Brazil, Argentina, and Ukraine are positioning themselves to expand agricultural exports to countries avoiding American goods. However, US farmers face potential impacts, including increased production costs, lost sales markets, and falling prices, particularly with Mexico, Japan, China, the EU, and South Korea preparing for countermeasures.

President Trump imposed a basic 10% tariff on all goods imported into the United States on April 5. And on April 9, tariffs of 10-34% will come into effect for countries that tax US exports, including major US trading partners, including buyers of American agricultural products. This is reported by GrainTrade. Thus, a 25% tariff has been established for goods from South Korea, 54% from China, 24% from Japan, and 20% from the EU. For Mexico and Canada, 25% tariffs, announced in early March, come into effect. If China continues to buy Venezuelan oil, tariffs on its goods could increase to 79%. However, such actions threaten with countermeasures, and China has already imposed a 15% tariff on corn and 10% on soybeans from the United States in response since March 10. The EU is considering imposing a tariff on soybeans and a 25% tariff on corn, as well as strengthening environmental requirements that would limit imports of products grown with chemicals banned in the EU. Against ...