Trade

Trump Tariff Plan Risks Upending Trade, Stoking Food Inflation

Mexico, Canada, China make up half of US agriculture exports
Lumber, fertilizer, canola oil and soybeans could be impacted

Mexico is a particularly big source of avocados, supplying more than 90% of what Americans eat. — Mexico is a particularly big source of avocados, supplying more than 90% of what Americans eat.
Photographer: Jeoffrey Guillemard/Bloomberg

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By Ilena Peng, Kim Chipman, and Michael Hirtzer

February 3, 2025 at 11:03 PM UTC

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President Donald Trump’s plans to impose tariffs on some of the US’s largest agricultural trade partners next month threaten to upend markets and unleash food-price inflation.