Recent tariff changes are set to impact the peanut industry, with key trade partners retaliating against U.S. policies.

U.S. Tariffs on Canada, Mexico & China
– As of March 4, the U.S. has imposed 25% tariffs on imports from Canada and Mexico, and increased tariffs on Chinese goods to 20%. These measures include tariffs on peanut products.

Canada’s Response
– Canada is imposing 25% tariffs on U.S. peanut butter, prepared peanuts, and crude peanut oil. Additional tariffs on more U.S. agricultural products are under consideration.

China’s Response
– China has announced a 10% tariff on U.S. processed peanut products.
No exemptions will be granted, and shipments departing before March 10 may be temporarily exempt.

Mexico’s Upcoming Retaliation
– Mexico will announce its response on March 9, with expectations of new tariffs affecting peanut imports.

AgCold is closely monitoring these developments. If your business relies on international peanut trade, now is the time to assess potential impacts and adjust accordingly. For more updates, contact AgCold at [email protected]