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Canadian Economy and Markets

Farmers in Canada, United States feeling the impact of Donald Trumps tariffs [Video]

U.S. President Donald Trump’s tariffs have put a strain on Canadian farmers as costs continue to rise.

Essential items such as phosphate fertilizer is mainly imported from the United States, pushing the prices up and furthering market uncertainty.

Grain Growers of Canada executive director Kyle Larkin says grain farmers in both America and Canada are suffering, and costs can still rise within the next few months.

On Thursday, Larkin was in Washington, D.C. to voice his concerns for both Canadian and American grain farmers. Larkin met with members of congress and senators to push the two countries to work together to find a middle ground for farmers.

Larkin said the overall response was positive, noting that both Republicans and Democrats were in attendance.

“Our message to members of congress and senators was, ‘Let’s look work together, lets strengthen the USMCA (United States–Mexico–Canada Agreement) and let’s strengthen the North American bloc so we can trade better and grow our economies together,’” …

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