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The trade wars are ripping through the farm economies of the United States and Canada.
High tariffs on fertilizers and equipment are driving up input costs for American farmers, and retaliatory tariffs on US farm crops threaten to extend years of losses.
The farm equipment industry is also getting slammed. Suppliers are attempting to raise prices as a result of tariff-related higher parts costs, but farmers are delaying new purchases.
This is especially notable in Canada, which is the number one export market for American manufacturers of ag equipment.
The North American farm sector is already reeling, as China has enjoyed record wheat harvests, and successfully moved its food supply chains to friendly countries in the BRICS bloc.
Closing scene, Fuxian Lake, Yunnan
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Resources and links:
China’s wheat harvest nearly matches last year’s record
https://triviumchina.com/2025/07/11/chinas-wheat-harvest-nearly-matches-last-years-record/
Wheat exports survive China pull-back
https://www.producer.com/markets/wheat-exports-survive-china-pull-back/
American Farm Bureau, Press Release, Additional Tariffs will Take Toll on America’s Farmers
https://www.fb.org/news-release/additional-tariffs-will-take-toll-on-americas-farmers
Reuters, Tariffs throw US, Canadian farm machinery manufacturers into turmoil
Bloomberg, Tariffs Are Starting to Squeeze Profits for Trump-Loving Farmers
Farm Progress, Tariffs are starting to squeeze profits for Trump-Loving farmers
Bloomberg, Soybeans Jump as Trump Urges China to Quadruple US Buying
Mirrored - Inside China Business
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