Trade Talk: Tariffs and Global Update

Lyndi Allen
April 17, 2025

Recent changes in the trade tariffs continue to influence agriculture markets and export opportunities. This update will provide a summary of current developments that affect Illinois corn farmers. IL Corn is closely monitoring the changes and their potential impacts on market access, input costs, and farmer profitability.


Tariff Developments

  • The U.S. announced a temporary 90-day pause on certain tariffs, referred as the “Liberation Day” tariffs.
  • In response, China announced new retaliatory tariffs on select U.S. products.
  • The U.S. also implemented an across-the-board 10% import tax on wide range of goods.


Global Update

  • The U.S. Department of Agriculture (USDA) recently announced a WASDE visualization tool, which provides a better understanding of global supply and demand over time.
  • According to the latest WASDE report, domestic demand for U.S. corn remains relatively flat.
A graph showing the us domestic corn consumption

* FSI = food/seed/industrial uses


IL Corn will continue to track tariff development and global market trends that may affect Illinois corn farmers. We are committed to keeping you informed with relevant information as changes occur.

pork power l
November 20, 2025
The Illinois Pork Producers Association and IL Corn share a longstanding partnership that strengthens livestock production, boosts grain demand, and supports food banks through the Pork Power program. Learn how this collaboration benefits farmers and families across Illinois.
World map showing corn-based biofuel production and transport routes, with a tanker, and a corn graphic.
By Lyndi Allen November 20, 2025
Trade deals and tariff negotiations are increasingly critical as farmers conclude the U.S. corn and soybean harvest; new opportunities could ease profitability pressures
shane, jena and f
By Tara Desmond November 20, 2025
Ducks Unlimited’s Fletcher Morgan and Jenna Herrick share how farmer involvement is growing — and transforming — DU’s work across the Big Rivers Initiative
turkey farm
By Tara Desmond November 20, 2025
Discover how Illinois farmers help raise nearly 3 million turkeys each year, the vital role Illinois corn plays in their growth, and how these birds make their way from local farms to Thanksgiving tables nationwide.
graphic of a furnace filter made from corn
By Tara Desmond November 19, 2025
Discover how Aerterra is transforming U.S. corn into high-performance, PFAS-free furnace filters and redefining clean air with renewable, bio-based materials.
Ducks
By Lyndi Allen November 13, 2025
Ducks Unlimited partners with Illinois farmers—helping them “farm the best and conserve the rest.”
Show More