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Trump says that tariffs on agricultural imports will begin until April 2 (2)

president Donald Trump From April 2, the United States would impose tariffs on “external” agricultural products, its latest threat to import trade barriers.

“To the great farmers of the United States: get ready to sell a lot of agricultural products in the United States. The tariffs will increase external products on April 2. Have fun! “The president said on Monday in a social media post.

The president did not provide any details about which products would be affected or whether there would be any exceptions. It is also unclear whether his plan is part of a previously announced effort to take so-called “mutual” tariffs for almost all US trade partners.

Trump has already imposed 25% tariffs on all steel and aluminum imports and said that he would also perform tasks for a variety of sectors, including automobiles, pharmaceuticals, semiconductors, wood and copper.

Trump's most recent threat comes to a precarious time for the US economy, with persistent inflation being a main concern for Americans. Many economists say that higher import taxes will further increase prices, since companies pass on the costs to consumers.

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The administration announced plans last week Invest 1 billion US dollars In a new strategy for reducing the effects of bird flu, which increases egg prices and slows down milk production in the USA – an important driver of inflation.

Still agricultural secretary Brooke Rollins Defended Trump's plans to use tariffs to protect the US farmers' interests.

“His idea of ​​using tariffs in his tool kit has proven to be very successful the first time. I have no doubt that it will be successful again, ”Rollins told reporters in the White House last week.

Trump announced last week that he would also use plans for the compensation of 25% tariffs in Mexico and Canada as well as an additional delivery of 10% for China in order to force them to survive against illegal fentanyl and migration. These three countries are the largest US trading partners.

(Updates with additional details and context from the fifth paragraph)

To contact the reporters in this story:
Josh Wingrove in Washington at jwingrove4@bloomberg.net;
Skylar Woodhouse in Washington at swoodhouse15@bloomberg.net

To contact the editors responsible for this story:
Justin Sink at jsink1@bloomberg.net

Jordan Fabian, Laura Davison

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