A new CoBank report on the cost of retaliatory tariffs shows
U.S. farmers are paying the highest price.
CoBank research manager Tanner Ehmke says they analyzed 11 major commodities and found that in most cases, the exporter takes the brunt of tariff retaliation.
“They pay that by lowering their export price to make it competitive into that market to account for that tariff. Then, that lower price ultimately backs into the supply chain all the way back to the U.S.