Retaliatory tariffs threaten American farmers' exports and prices

China announced new tariffs of up to 15 percent on various U.S. food imports, including chicken and soybeans, in response to U.S. tariffs on Chinese goods. Canada plans to impose 25 percent tariffs on $30 billion of American products. Mexico is expected to reveal its response soon. These retaliatory measures come after President Trump imposed 25 percent tariffs on goods from Canada and Mexico, targeting agricultural exports that are significant for U.S. farmers. Experts warn that these tariffs could lead to decreased American exports and lower crop prices, as importers may seek alternatives from other countries.