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Congress will have increased oversight over the president’s latest tariffs

Congress will have increased oversight over the president’s latest tariffs

The U.S. Supreme Court recently ruled 6–3 that IEEPA (International Emergency Economic Powers Act) does not authorize the president to impose tariffs. This invalidates all tariffs based solely on IEEPA. Following the ruling the administration pivoted to Section 122 tariffs via the Trade Act of 1974. Section 122 of the Trade Act of 1974 authorizes the president to impose temporary import surcharges up to 15%. President Trump has since enacted a 15% global tariff. United States Senator Chuck...

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Renewable fuels industry awaiting SRE decision

Renewable fuels industry awaiting SRE decision

Several small refinery exemptions wait for a ruling from the Environmental Protection Agency (EPA), and the U.S. renewable fuels industry is watching to see what the agency will do. Jacqui Fatka, lead economist for farm supply and biofuels at CoBank, said there are a...

South American Weather and Crop Update (8-5-25)

South American Weather and Crop Update (8-5-25)

The weather is still mostly dry down in South America, so not much has changed. Allendale commodity broker Greg McBride gave an update on the latest conditions in Brazil and Argentina. The dry weather has allowed Brazil to catch up with the 5-year average on harvest,...

Agriculture watches as U.S.-Canada tensions rise

Agriculture watches as U.S.-Canada tensions rise

The global trade war rhetoric is heating up again, but this time, America’s closest allies are signaling they’ve had enough. Canada, long known for its diplomatic restraint, is beginning to openly express frustration with the Trump Administration’s trade tactics. As...

July 2025 brought historic rainfall to Iowa

July 2025 brought historic rainfall to Iowa

After experiencing an already wet month in June, history would suggest that July would back off on the faucets a little bit. That was not the case this year, though, as Iowa experienced the second wettest July on record. Dr. Justin Glisan, state climatologist for...

USMEF applauds confirmation of new USDA Undersecretary for Trade

USMEF applauds confirmation of new USDA Undersecretary for Trade

On Saturday evening, the U.S. Senate confirmed Luke Lindberg as USDA Undersecretary for Trade and Foreign Agricultural Affairs on a vote of 77-18. U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom said there was strong bipartisan support in the...

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