Trump says tariffs on 'external' agricultural products to begin April 2

With the imposition of tariffs, domestic agriculture could see heightened demand as prices for imported goods increase. However, increased costs due to tariffs could also negatively impact certain import-reliant sectors. Overall, agricultural stocks may experience volatility, but there's potential for growth in U.S. agricultural production companies as they cater to the decreased supply of foreign products.

Conversely, companies like Costco that rely on imported agricultural products may face increased costs, which they could pass on to consumers. This could negatively impact margins and price competitiveness in the retail sector.