By rssfeeds-admin The tariffs were announced for America’s top three trading partners: Mexico, Canada and China. The 25% tariffs were unveiled for products imported from Mexico and Canada, along with a 10% tariff on Chinese products.
Mexican and Canadian leaders announced Monday that the tariffs had been delayed for 30 days. If enacted, the tariffs could have a big impact on consumer prices, including electronics made in China and fuel and automobile parts produced in Canada.
“We already are in an agriculture trade deficit situation. In the last four years, we have sold less ag products as a nation than we needed to. So, I think President Trump is coming in here to do a reset,” said Commissioner of Agriculture and Commerce Andy Gipson (R-Miss.).
Canada had already announced retaliatory tariffs on many American products, including farm goods. The Chinese may follow suit. State officials are already considering the potential impact of such tariffs on two of Mississippi’s biggest exporters.
“Our manufacturing sector, I think, is in our agricultural sectors. Both are two that will probably be impacted the most from tariffs,” said State Economist Corey Miller.
“We ship a lot of cotton to China. If they put a tariff on our cotton coming into China, you know, they’re not going to get what they need. There’ll be a tariff that’ll be paid there,” said Gipson.
The tariff suspensions followed agreements by Canada and Mexico to improve border security. It should come as a temporary relief for Mississippi farmers and manufacturers.
“We look back at President Trump’s first term with tariffs were imposed, and we saw retaliation. The United States lost, I think, around $20 billion of agricultural export markets,” said Miller.
Gipson said shopping local is the answer.
“Let’s buy American, let’s buy Mississippi products, let’s buy America made products. And then we don’t even have to talk about tariffs,” he said.
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