Economics

Tariffs are making life more expensive for John Pihl. He's been farming in Northern Illinois for more than 50 years.

"These tariffs are going to affect everything. It'll affect our parts — it's just across the board. Which is going to hurt everything," he said.

Not only do tariffs affect the cost of farm supplies, but they also raise the risk of retaliation against exports of U.S. crops: a double-whammy for farmers like Pihl.

"It's a good way to lose your customers," he said. "And I think we'll probably lose more on this round too, because I know that Mexico is our biggest importer of corn. But this time, they may figure out that they can get corn from South America just as easily as from the U.S."