Tariffs on China, Canada and Mexico have increased the cost of agricultural products like fertilizer, and retaliatory tariffs from those and other countries have hurt American farmers who export crops, Austan Goolsbee, CEO and president of the Federal Reserve Bank of Chicago, said at a conference Tuesday.

“When they announced the tariffs … especially in manufacturing, also in agriculture, it was a hair on fire kind of moment,” Goolsbee said. “Now when I’m out talking to people, it feels like they’re just wary (and) uncertain.”

Goolsbee spoke at a conference at the Federal Reserve Bank of Chicago, where economists, farmers and agricultural business owners from across the Midwest gathered to discuss how agriculture in the region has been affected by the Donald Trump administration’s changi

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