Exports to China: The U.S. is currently charging a 51 percent tax on imports from China. That could go up to as high as 145 percent if no deal is reached, but Trump has extended the deadline for negotiations, which are ongoing, to August 12. China has retaliated by imposing steep taxes on American farm goods, including corn, soybeans, wheat, cotton, meats, dairy products, and more. During Trump’s last term, commodity farmers were particularly hard hit by Chinese tariffs and the export market never fully recovered. Trump’s USDA bailed farmers out with close to $30 billion in taxpayer funds.

The EU Trade Deal: This week, Trump announced a major trade deal with the European Union that set the tax on imports from the E.U. at 15 percent instead of the 30 percent proposed earlier. While the rate is lower, the tariff will likely still drive up prices at restaurants, which buy products like wine and specialty cheeses from Europe, and could make it harder for small, independent restaurants to operate. Trump has also said the deal will benefit American farmers, but details on agricultural tariffs the E.U. has agreed to drop have not yet been shared.

The Japan Trade Deal: Last week, Trump also finalized a deal with Japan to set its tariff rate at 15 percent instead of the 25 percent proposed earlier. As part of the deal, Japan agreed to increase imports of American rice 75 percent and purchase $8 billion in U.S. goods, including corn, soybeans, and biofuels made from crops.

Brazil’s Looming Deadline: Trump has proposed a 50 percent tariff on all products imported from Brazil starting on August 1, and Brazil responded by promising to reciprocate with the same rate. Brazil sends a significant amount of coffee, sugar, and specialty foods like açai to the U.S., so the prices of those products could rise. On the flip side, it accounts for 20 percent of U.S. fertilizer purchases.

In addition to the major trade deals and tariff negotiations, the White House and the U.S. Department of Agriculture (USDA) over the last month have announced smaller deals they characterized as trade wins for American farmers.

On July 1, Agriculture Secretary Brooke Rollins said Namibia will now accept imports of American poultry products, “unlocking a market valued at $15 million.” On July 23, Rollins said Trump had negotiated access to Australian markets for U.S. beef producers, but Australia’s prime minister later said the decision to ease the restriction on U.S. beef, in place due to historic concerns around mad cow disease, had nothing to do with Trump.

Since March, the percentage of federal revenue provided by tariffs more than doubled, from about 2 percent historically to 5 percent; fiscal year revenue from customs duties topped $100 billion for the first time in June. (Link to this post.)