09/26/25 Trump’s Tariffs Expanding; Trump Bucks For Farmers

09/26/2025 Click Above to Watch the Morning Market Talk Video Trump’s Tariffs Expanding; Trump Bucks For Farmers On the Grains November soybeans traded lower and are working on big weekly losses, forming a bear flag/pennant on the daily chart. December corn faced light selling overnight and is near unchanged for the week. Wheat also traded lower overnight but are holding onto slight gains for the week after a rebound from contract lows earlier this week. President Trump announced a new round of tariffs that will begin Oct. 1, including a 100% duty on patented drugs unless the producer is building a manufacturing plant in the United States. Imported heavy-duty trucks will be subject to 25% tariffs, kitchen cabinets and bathroom vanities will be hit with a 50% duty and upholstered furniture imports will be taxed at 30%. President Trump pledged on Thursday that U.S. farmers would receive financial support drawn directly from tariff revenues until his trade strategy begins to deliver longer-term benefits. Trump’s remarks framed tariff revenues as a bridge for farmers facing short-term hardship from disrupted trade flows. His administration has used similar trade mitigation programs in past years, funded in part through tariff collections, to cushion the blow…