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In February, a U.S. Department of Agriculture report projected a $49 billion-dollar agricultural trade deficit for fiscal year 2025. That represents an all-time high. Trump announced a 90-day pause on most tariffs after a market decline in early April, but Chinese imports are subject to a 145% tariff, while other countries still have a 10% tariff. Fischer said she met with the Jamieson Greer, the U.S. Trade Representative, earlier this week and learned that trade negotiations are taking place with a number of countries.