Tariffs, John Deere and soybeans
Soybean farmers are set to be impacted as John Deere, one of the nation’s largest manufacturers of heavy farm equipment, recently announced a major production shift to counter $500 million in tariff-related costs.
Across-the-board tariffs and the uncertainty they create undermine that stability, making it harder for state budget writers to project revenues and plan responsibly.
The recent tariffs and trade war have caused rampant uncertainty in the international market, significantly impacting US steel manufacturers.
Tariffs are adding uncertainty to NC tech businesses.
NC leads the nation in tobacco exports, producing 260.1 million pounds annually, accounting for 60% of US tobacco production.
The trade war and rising tariffs in the textile industry are impacting business all the way to West Coast.
These aren’t abstract debates. This is about glass, grain, bacon, bourbon — and the families behind them.
“Tariffs are a complicated process, and it is difficult to predict an outcome, so North Carolina’s ag industry is watching closely as discussions on trade take place.” — Steve Troxler, NC Ag commissioner
"I think that China will come to the negotiating table sooner rather than later, but the temporary reaction will be very tough and difficult and probably be a little bit depressing to our tobacco farmers." NC Rep. Jimmy Dixon
. “Access to export markets is significant for NC sweet potato producers, with exports totaling over $129.3 million in 2024. European countries, Canada, and Mexico represent top buyers of North Carolina sweet potatoes,” said Steve Troxler, commissioner of the North Carolina Department of Agriculture.
Expect many more twists and turns to global trade over the next few months and for those shifts to play a big part in the battle over North Carolina's US Senate seat.
Farmers and lawmakers disagree on the long-term impact of tariffs on agriculture.