, Associate Professor of Economics, University of Oklahoma writes:
In my assessment, the enduring effect of this trade war on U.S. agriculture, if it continues to escalate, won’t be a single bad season. Across thousands of farms, farmers may have to reduce their fertilizer use as prices – already high from supply disruptions because of the war in Iran – rise. It may have little visible consequence at first, but the lasting impact could emerge later in smaller future harvests if this trade war continues.
Canada’s tariffs aren’t directly aimed at farmers, but farms will feel the cost if they go into effect.
Canada’s tariff list for Sept. 8 appears to match U.S. tariffs dollar for dollar. I believe agriculture is caught in the broader fallout, not directly targeted.