Farmers brace for impact as Trump plans to move forward with new tariffs [Video]

Farmers across the country are preparing for economic pain after President Donald Trump announced plans to implement new tariffs next week.In a social media post Thursday morning, Trump said 25% tariffs on imports from Canada and Mexico would take effect on March 4 after the policy was suspended for 30 days. He said 10% tariffs currently imposed on Chinese goods would double on the same date. The targeted countries represent the United States’ top three agricultural markets by value, according to the American Farm Bureau. AFBF says, just last year, the U.S. exported over $30 billion in agricultural products to Mexico, $29 billion to Canada and $26 billion to China. The industry is already emerging as a main target of retaliation. China has imposed retaliatory tariffs on U.S. agricultural machinery, such as tractors. Canada plans to target a range of American products, from vegetables to beef to dairy, if the …