Some Americans rush to dealerships to get a boost of the automotive rate. Jeff Fox of Fox Business has more.
President Donald Trump should announce its price plan on Wednesday while its administration is preparing to intervene in relief for American companies which support the weight of the rates of probable reprisals of foreign governments.
Trump plans to reveal his price plans on Wednesday afternoon as part of a “Liberation Day” event in the Roseraie de la Maison Blanche. The details surrounding these plans have been evolving during the last week, although they are supposed to include a reciprocal price plan which corresponds to the American prices on imports with those confronted by American exporters. A wide and flat rate has also been launched.
Several countries have already pointed out that they intended to retaliate against the American prices, stimulating the fears of an escalation of the trade war as the tariff hikes stating in terms of tariff. These reprisal prices are likely to target certain industries, and on the basis of the experience of trade disputes from Trump’s pricing thrust, the administration can intervene to help the industries taken in the cross warning fires.
During Trump’s first term, China has targeted a certain number of American sectors with reprisals, agriculture is the most popular target. To help farmers cope with loss of access to established markets abroad, the US Department of Agriculture (USDA) has disabled two commercial aid cycles.
Trump is “ always ready for a good negotiation, ‘said the White House, as on April 2 of the “Liberation Day” of the Weaving Prices
President Donald Trump displays a decree signed in the oval office on March 26, 2025. Trump said that he would implement a 25% rate on automotive imports, expanding a trade war designed to provide more manufacturing jobs to the United States and fixing (Francis Chung / Politico / Bloomberg via Getty Images)
The Non -Supportance Congress Research Service noted in a report at the time that the USDA raw credit company provided $ 28 billion combined with commercial aid for farmers, including $ 12 billion in 2018 and $ 16 billion in 2019.
The Secretary of Agriculture, Brooke Rollins, told journalists to the journalists of agricultural facilities of Iowa on Monday that the USDA was preparing to support the agricultural sector again if the reprisal rates target the industry, according to a report by the Iowa capital dispatch.
“I hope that our farmers and our AG community will not be injured – at least in the short term – by these decisions,” said Rollins. “But if they are, the president’s commitment is the same today as five or six years ago. And we, at USDA and our Congress and Washington partners, we will work to make sure that we have programs in place to do what we did the last time with the [Commodity Credit Corporation]And we are fully expecting to do the same thing this time, but to be determined according to what is happening in the coming weeks and months. “”
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Trump prices are likely to cause reprisals on American exports by American business partners. (Mark Felix / Bloomberg via Getty Images / File)
Clark Packard, researcher in search of the Herbert A. Stiefel Center for Trade Policy Studies of the Cato Institute, told Fox Business that reprisal prices of foreign countries will probably focus on agricultural exports, since the industry is politically important for the president.
“I plan that most reprisals, or many reprisals, strike American agricultural products for several reasons. We export a ton of agricultural products. We are really good and effective in producing agricultural products, but it is also a politically sensitive industry for the president,” said Packard.
“So, in some respects, these become games. Reprisals are very calculated. You have seen Canada float the idea of” If we face prices, we will hit Tesla with reprisals “precisely to lead a kind of political corner between the political corners between the political corner between the political corner between the political corner between the political tariffs between the political corner the political rates between a political corner between the political rates between the political rates between a political corner between the political rates between the political rates between [billionaire Tesla CEO] Elon Musk and the President, “he said.” It remains to be seen how the countries will react, but again, I plan that many reprisals will come across agriculture. “”
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Soy was one of the agricultural products struck by reprisals in the 2018-2019 trade war. (Scott Olson / Getty Images)
Packard added that the extent of any new commercial aid for farmers or other affected industries will probably depend on “the extent of foreign reprisals”.
Ryan Young, principal economist of the Competitive Entreprise Institute, told Fox Business that the commercial rescue program during Trump’s first term did not largely support the other sectors affected beyond agriculture, but that the administration could find other ways to use legislation to provide support beyond commercial aid programs.
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“I am not aware of any help given to the other victims of reprisals, such as Harley-Davidson, the manufacturers of distilled spirits and other industries,” said Young. “Many companies have obtained help from invoices from the Biden era, such as the Puces Act, the Inflation Reduction Act, the Infrastructure Bill and other major expense invoices, although most of this has not necessarily been linked to prices. If Trump decides to give aid related to other industries, it could well claim that Price. “
