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President Trump Threatens New Round of Tariffs Over the Weekend: Here’s the Latest

Tue, 15 Jul 2025 13:39:36 GMT

U.S. commodity markets were down to start the week in Sunday night trade as the markets digested the latest tariff announcement by President Donald Trump. On Saturday, President Trump threatened to impose 30% tariffs on Mexico and the European Union starting on August 1. The announcement came after a string of new tariff threats last week, as the Trump administration’s deadline for trade deals came due.

On Monday, President Trump continued with tariff talk, saying he would implement “severe tariffs” on Russia unless a peace deal is reached with Ukraine within 50 days.

He provided few details on how they would be implemented but described them as 100% secondary tariffs, meaning they would target Russia’s trading partners in an effort to isolate Moscow in the global economy.

The latest tariff threats weren’t good news for farmers looking to price fertilizer for fall, as StoneX Group says Russia is the United States’ top destination for both urea and UAN imports. StoneX points out Russia’s market chair has “grown substantially in recent years.”

Monday’s news follows a week where many anticipated trade deals. Instead, President Trump made a series of announcements with new tariffs. The new tariffs on Mexico and the European Union, which Trump announced Saturday, capped off a week of sweeping tariff threats.

Earlier in the week, Trump warned of a possible:

50% tariff on all copper imports
50% tariff on all goods from Brazil
35% tariff on Canadian goods
25% tariff on goods from Japan
25% tariff on imports from South Korea
200% tariff on imported pharmaceuticals

The positive side of the announcements is the Trump administration says any products covered under the U.S. Mexico Canada Agreement (UMCA) won’t face the new tariffs.

President Trump also sent letters to both Japan and South Korea last week, saying their goods will be taxed at 25% starting August 1st.

The President posted the two letters he sent to those countries’ leaders on his Truth Social site. In the letter to South Korea, he stated when it comes to Korea’s tariff and non-tariff polices and trade barriers, the relationship between the two countries has been far from reciprocal. He added the 25% tariff was far less than what he says is needed to eliminate a trade deficit disparity.

The letter to Japan added if Japanese companies decide to build or manufacture a product within the U.S., there will be no tariffs. Japanese and U.S. negotiators have been working for several weeks to try and reach a deal.

Lack of Progress Impacts Commodity Prices
The lack of trade announcements last week was just one factor that caused corn prices to tank, according to AgMarket.net’s Matt Bennett. While rain in the upper Corn Belt was also bearish for the markets, little to no movement on trade is also pressuring prices.

“We had no trade announcements, and then we continued to talk about tariffs. The unfortunate reality right now is it appears the administration is playing the long game, trying to get people to come to the table with better trade deals than what we currently have seen. But it certainly isn’t doing any favors for the corn market,” Bennett said on U.S. Farm Report this weekend. “I think something like a big trade agreement certainly could tilt the tide more in the favor of the corn market moving higher. Until you get that, with weather being as good as what it is, there’s nothing there.”

It’s not all bearish, though. Arlan Suderman of StoneX Group says the 50% tariff on Brazil is actually bullish for beef.

“We already have a shortage of protein in America with the cattle herd being shrinking over recent years because of lingering drought in the western half of the country, and supplies are tight. We’re just getting to the point of trying to rebuild those supplies, which holding back heifers, tightens up the supply of meat even more. We’re feeding to record-high carcass weights to try to fill the void. We’re increasing imports to record levels. Brazil is the primary supplier of those imports: 27% of our imports come from Brazil in the first five months of the year, according to the latest data we have available, that’s 666 million pounds. That’s 4% of consumption,” Suderman says.

If you think 4% doesn’t sound like a big deal, Suderman says it is - especially considering meat demand in the U.S. has turned out to be inelastic.

“We’ve been shifting from a starch-based diet more heavily toward protein-based. And as the prices go up, we’re actually increasing demand for beef and the other proteins - but we don’t have the supply of it. I think that could be a real problem going forward for the meat industry and the meat supply. We will have to find somewhere else to get that meat,” Suderman says.

Are Trade Deals Close?

While President Trump initially stated he had reached trade agreements with 200 countries, only a few have been officially announced. These include deals with China, the United Kingdom, and Vietnam, however. Negotiations with other countries are ongoing, with the administration extending the deadline for tariff-related negotiations to August 1.

The European Union says it was working on sealing a trade deal with the U.S. by the end of this month, and the European Commission president says the EU was working closely with the Trump administration to reach a deal.

Food: A Serious Quest at Olympics

Fri, 20 Nov 2020 05:49:14 GMT

PYEONGCHANG, South Korea (AP) — First, U.S. snowboarding star Chloe Kim tweeted about being “down for some ice cream” while competing in Pyeongchang, then about being “hangry” because she hadn’t finished her breakfast sandwich.

Clearly, food is a big deal for Olympians, and it’s usually much more complicated than ice cream and sandwiches: the very specific, highly calibrated fuel they put in their bodies — for energy, for health, for warmth, for a psychological and physiological edge — is an important part of what makes them excel.

Korean food is some of the world’s finest — savory, salty soups with fish so tender it falls off the bone; thick slabs of grilled pork and beef backed with spicy kimchi that many Korean grandmothers swear cures the common cold. But it’s very different from what many foreign Olympians are used to.

“What I recommend for athletes right now in competition mode is to be as safe as possible. This might happen once in a lifetime; you don’t want to blow it with just having an upset stomach because you’ve eaten something that’s different to what your body’s used to,” Susie Parker-Simmons, a sports dietitian for the U.S. Olympic Committee in Colorado Springs, Colorado, said in an interview in Pyeongchang. “I say, as soon as the games is over, go at it; enjoy, be adventurous.”

FEEDING THE ATHLETES

The U.S. team has its own chefs and dietitians, as well as two “nutrition centers” here. And then there’s the food at two athletes villages, where nearly 3,000 athletes from 90 different countries — most of whom strictly follow unique food routines — get fed.

The goal is to provide lots of everything.

The two villages each have massive, 43,055-square-foot dining rooms where nearly 500 chefs and cooking assistants provide a combined 18,000 meals per day. Each dining room is open 24 hours a day and offers about 450 different types of food in buffets that include Western, Asian, Korean, Halal, Kosher, vegetarian and gluten-free dishes, David Kihyun Kwak, the director of food and beverage at the Pyeongchang Olympics, said in an interview.

To determine what to serve at Pyeongchang, Kwak’s team analyzed food data for the past five Olympics and also worked closely with other nations’ nutrition specialists.

The amount of raw ingredients used each day to feed the athletes is staggering: 1,540 pounds of beef, 992 pounds of eggs, 771 pounds of lamb, 440 pounds of bacon, 374 pounds of chicken, 220 pounds of rice, 7,495 pounds of fruits and vegetables, about 15,000 pieces of bread and 800 pizzas.

FOOD SAFETY

Most Olympic athletes don’t eat outside of the villages because of worries about the purity of ingredients, Kwak said. The United States did tests before the 2008 Beijing Olympics that found some local chicken contained enough steroids to trigger positive test results.

Experts examine ingredients closely for possible contamination that could threaten athletes’ health or disrupt doping tests. South Korea’s Ministry of Food and Drug Safety has sent more than a dozen food safety specialists to take ingredients samples to buses equipped with fast-testing laboratories to look for potential problems before the food even gets eaten.

HOME COOKING

Finland’s Riikka Valila, the oldest women’s ice hockey player in Olympic history at 44, likes the food options here but misses the “really good bread” back in Finland. She said some of her teammates on gluten-free diets have brought food from home.

The Americans shipped over 85 pallets, each about 6 feet tall and 3 feet deep and wide, filled with pastas, sauces, peanut butter, grains and plants like quinoa, and spices, Parker-Simmons said.

There’s food meant to help with performance and recovery, but there’s also “psychological food,” which Parker-Simmons explains like this: Say an athlete training her whole life for the Olympics fails. She takes it hard; she stops eating. This is when the dietitians will turn to something special — a Reese’s Peanut Butter Cup, maybe, or Cheez-Its.

Vincent Zhou, a U.S. figure skater, said he needs a lot of carbs, “before, between and after sessions,” to fend off fatigue. “It hasn’t been very difficult finding comfort food,” he said.

EATING FOR PERFORMANCE

The work to optimize nutrition can seem as thorough as the work to perfect the sports skills.

Dietitians have to regularly test cross-country skiers, for instance, who have the highest energy expenditure of any sport in the world, Parker-Simmons said. An average-sized woman will need 4,000 calories or more per day to train and compete; a typical man needs about 7,000 calories, she said. Ski jumpers, on the other hand, sometimes have to drop 10 kilograms below their natural body weight, while keeping up their muscle mass and energy.

FANS SPLIT ON KOREAN FOOD

Foreign fans, of course, have their own food worries and routines.

South Korean officials have tried to provide menus in English and other languages to thousands of local restaurants. And the Korea Tourist Organization has published a brochure, complete with a hotline in English, Japanese, Korean and Chinese, that outlines “must eat” dishes and where to find them.

Some tourists embrace the exotic.

“I was impressed with the little fish, the eyes and everything,” Julie Thibaudeau, 53, from Quebec, said as she celebrated her son’s gold medal in mogul skiing in a local Pyeongchang restaurant. “I tried, and it was salty, but it was good. And after that I had a good glass of ... beer.”

Others play it safe. Very safe.

“We found Papa John’s (pizza) today, which was literally life-changing because ... we haven’t eaten a lot for the last few days,” Rachel Basford, 31, a teacher in Shanghai who’s from Kent, England, said while drinking in a fried chicken restaurant. “I’m not that adventurous when it comes to trying local foods. I just like to eat British food in various places around the world.”

Asked if she planned to try Korean food she said, with a laugh: “No. Absolutely not. We’re going to Seoul tomorrow so there’s the McDonald’s at Seoul Station, so that should be good.”

WILLPOWER IN THE DINING HALL

For the athletes, sheer abundance can be a danger.

When U.S. figure skater Adam Rippon got to Pyeongchang a coach told him about the last Winter Games in Sochi, when one of her athletes became very excited about all the food available even as his performance in training tanked.

The coach finally understood what was happening when the athlete donned his costume for the short program: “He’d been in the cafeteria the whole time; he’d gained seven pounds before the competition,” Rippon said with a laugh. “And my coach is sitting next to me, and he was like, ‘ha, ha, ha, ha,’ and he turned to me and said, ‘You’d better not get fat while you’re here.’”

Chloe Kim, by the way, finally got her ice cream — and a gold medal. She could be seen eating her treat while being swarmed by reporters.

Copyright, The Associated Press

Mission sends first shipment of Peruvian avocados to South Korea

Fri, 23 Sep 2022 18:56:12 GMT

Mission Produce Inc. , Oxnard, Calif., has shipped Peruvian hass avocados to South Korea for the first time.

Phytosanitary protocols for importing were recently established by South Korea, according to a Mission Produce news release.

The avocados were packed at Mission’s facility in Peru and are in transit; the shipment is expected to arrive at South Korea’s Port of Busan in mid-June. With Mission Produce’s supply network, including Mexico and California, the company can ship to South Korea throughout the year, according to the release.

“This was a collective effort that was in process for many years and we are excited to provide South Koreans a consistent supply of healthy and delicious Peruvian hass avocados for years to come,” Thomas Padilla, senior director of export sales, said in the release.

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Produce box donation program recognizes health care workers

Mike Browne joins Mission Produce as COO

USDA clears way for carrot imports from Korea

Thu, 22 Sep 2022 02:13:37 GMT

The U.S. Department of Agriculture is taking comments until Jan. 13 on a pest risk assessment that should open the door for U.S. imports of South Korean (Republic of Korea) carrots .

“Based on the analysis, we have determined that the application of one or more phytosanitary measures will be sufficient to mitigate the risks of introducing or disseminating plant pests or noxious weeds via the importation of fresh carrots from the Republic of Korea,” the USDA said Nov. 12.

The agency said any carrot shipments from South Korea will be minimal in volume, stating that Korea proposes to export about 100 metric tons annually to the U.S. That is less than a hundredth of 1% of U.S. production and less than five hundredths of 1% of U.S. imports in 2017.

U.S. orange and tangerine exports slow in 2018

Fri, 13 Nov 2020 05:49:00 GMT

U.S. orange and tangerine exports suffered a 2% decline in value and a 14% drop in volume in 2018.

U.S. Department of Agriculture trade statistics show the top market for U.S. oranges and tangerines was South Korea in 2018.

Even so, U.S. orange and tangerine exports to South Korea were off 11% in value and 29% lower in volume compared with 2017.

Buying $202 million and 131,500 metric tons, South Korea accounted for 33% of the value and 25% of the volume of total U.S. orange and tangerine exports in 2018.

Other top global destinations for U.S. orange and tangerine exports in 2018, by value and compared with 2017, were:

Canada: $156 million, up 1%;
Japan: $87.4 million, no change;
Hong Kong: $82.7 million, up 11%;
China: $51.9 million, up 7%;
Australia: $17.9 million, down 28%;
Mexico: $13.9 million, up 33%.

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