The American Soybean Association is welcoming new tariff exemptions for some key agricultural inputs under the Trump administration’s latest Section 301 trade action but says more relief is needed. ASA says exemptions for certain seed, fertilizer, crop protection products, and machinery parts will help farmers manage production costs.
ASA President Scott Metzger says, “We appreciate that the administration recognized the importance of exempting some of these critical inputs,” but adds that other essential products still face new tariffs that could increase farming costs.”
The soybean group is urging the administration to expand exemptions for additional agricultural inputs while pursuing new trade agreements that create export opportunities for U.S. farmers.
ASA also continues to support exempting countries that have free trade agreements with the United States and are meeting their trade commitments from any future tariff actions.
NAFB news service
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