IDAHO WHEAT COMMISSION

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Court Rulings Unlikely to Change Wheat Export Situation

A federal appeals court recently struck down the current administration’s use of “reciprocal tariffs” under an economic emergency declaration, but the ruling was paused pending Supreme Court review. The Court is moving quickly, with briefs beginning this week and oral arguments in November. For U.S. wheat, the case is unlikely to significantly affect exports or customer relationships. Reciprocal tariffs have had little direct impact on wheat, with China being the only importer to impose retaliatory tariffs — and its wheat trade with the U.S. ended before those tariffs were enacted. If reciprocal tariffs are repealed, benefits gained in markets like Vietnam, Indonesia, and Bangladesh are expected to remain, as these countries continue seeking ways to reduce trade deficits with the U.S.