Whether we're talking imports of electric vehicles or pea protein, or promises made ahead of upcoming elections, tariffs are back in the spotlight in many Western countries, including the U.S.
The Biden government's decision to impose high tariffs on Chinese-made EVs is in line with past decisions that were made by the Trump administration, while the former president is talking about 10 per cent tariffs across the board on imports if he returns to the White House this winter.
Higher tariffs in the U.S. bring questions about how Canada and Mexico are going to react, and with the CUSMA/USMCA deal up for review in less than two years, RealAgriculture's Shaun Haney discusses what the potential implications are in protecting North American trade with Jim Wiesemeyer, DC policy analyst for Pro Farmer, in this interview.
For example, pressure is mounting on Canada to follow suit with tariffs on EVs, as the U.S. doesn't want Canada serving as a backdoor into the North American market. A similar scenario is also playing out on pea protein, as the U.S. has implemented tariffs and Canadian regulators are currently investigating allegations of dumping.
Wiesemeyer and Haney discussed this tariff-abundant world and what it means for North American agriculture in this interview, originally heard on RealAg Radio:
Related: What should Canada be doing to minimize the damage of growing protectionism around the world?
