President Trump claims his tariffs on trade partners Canada, Mexico and China will benefit American farmers. Some in the ag industry are still expecting to take a financial hit.

Countries that currently have a tariff on goods coming from the U.S. will have the same tariff put on their goods that are entering the U.S.

At one minute past midnight this morning, President Trump imposed a 25-percent tariff on all goods being brought into the U.S. from Canada and Mexico, Iowa’s two largest trading partners. Iowa Senator Chuck Grassley predicts it will likely mean Iowa consumers will soon start having to pay more for a wide range of products.

As new tariffs on Canada, Mexico, and China officially took effect at 12:01 a.m. Tuesday. Iowa farmers are voicing concerns over the potential economic fallout.

According to the American Farm Bureau Federation, U.S. farmers have lost money on “almost every major crop planted” in the last three years. “Adding even more costs and reducing markets for American agricultural goods,” federation president Zippy Duvall said in a statement, “could create an economic burden some farmers may not be able to bear.”

Farmers and meat producers across the U.S. can expect the new tariffs on Mexico, Canada and China and the retaliation to hurt their bottom lines by billions of dollars if they stay in place a while

As of Tuesday, President Donald Trump has implemented a 25% tariff on all imports from Mexico and Canada. The president is aiming to address concerns with

Bourbon is the flagship product at Cedar Ridge in Swisher, and it has been shipping its bourbon to Canada for years. Because of the retaliatory tariffs, the CEO expects to stop its sales to Canada for the foreseeable future. The cut in exports could impact more than just bourbon sales.

Aaron Lehman, president of the Iowa Farmers Union, said Monday that tariffs will not bring much joy for U.S. farmers.

Canadian and Chinese officials say they were already helping reduce fentanyl smuggling. Prime Minister Justin Trudeau said fentanyl crossing the northern border is "near zero."

Iowa lawmakers on Thursday became the first in the nation to approve legislation that removes gender identity protections from the state's civil rights code. That's despite massive protests by opponents who say it could expose transgender people to discrimination in numerous areas of life.

Iowan and former acting U.S. Attorney General Matt Whitaker went before the Senate Foreign Relations Committee Tuesday for his nomination to be the U.S. Ambassador to NATO. Whitaker was asked about the contributions to NATO’s defense systems,