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Ag Day Minute: President Trump's tariff stance

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President Trump is taking a hard line with America's largest trading partner over immigration.

The President announced the U.S. will impose a 5 percent tariff on all goods coming from Mexico if it doesn't help stem the flow of migrants to the U.S.

The tariff would start on June 10th.

Markets reacted negatively to the news with both Stocks and commodities trading lower Friday.

Also on Trade, the USDA now forecasting soybean exports to drop.

It says China's demand is slowing due to the trade war with the U.S. and the outbreak of African Swine Fever.

The Department expects shipments worth $17 billion in fiscal year 2019 - about $4.5 billion less than Last year.

If realized, overall farm exports are forecast to be the lowest since 2016.

On the Arkansas River, a levee 60 miles northwest of Little Rock breached early Friday.

Emergency Management had to go door-to-door evacuating homes in the area.

The area is seeing historic flooding in May following up to 20 inches of rain in Oklahoma and Kansas.

Drivers may soon see more options at the pump.

The EPA is finalizing a rule to allow gasoline with 15 percent ethanol to be sold year round.

The approval is a big win for the biofuels industry, which is hoping it will spur demand through the summer driving season.

Before E15 can be sold, gas stations first have to have pumps and the ability to sell it.

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