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Some owners who had planned to staff up are waiting to see how things shake out with tariffs and consumer spending.
Chinese buyers will pay 10% or 15% taxes on imported American goods, including chicken, pork, wheat, corn and fruit — stifling demand.
As spring approaches, many farmers are unsure what crops they should plant and what the effect of tariffs could be.
The main difference is inflation.
Analysts say the firm’s decision to stick with DEI commitments could influence different consumers in different ways.
ISM data was mostly positive, while S&P Global reported weakness. The discrepancy may be down to who’s responding — and when they’re doing it.
The president wants farmers to sell more in the U.S., but “you don’t build those markets domestically overnight,” says Iowa corn and soybean farmer April Hemmes.
Texas has a $300 billion trade relationship with Mexico all on its own.
An avocado importer and a building equipment maker are bracing for impact. A trade expert says the policy uncertainty has already taken a toll.
S&P Global’s Purchasing Managers’ Index went up – and the Institute for Supply Management’s went down in February, as firms anticipate tariffs.