Trump, tariffs and Minnesota
A Minnesota farmer worries about the price of fertilizer. A San Diego entrepreneur deals with an unexpected increase in the cost of remodeling a restaurant. A Midwestern sheet metal fabricator
A Minnesota farmer worries about the price of fertilizer. A San Diego entrepreneur deals with an unexpected increase in the cost of remodeling a restaurant. A Midwestern sheet metal fabricator bemoans the prospect of higher aluminum prices.
Two of America’s largest retailers, based in Minnesota, are warning prices will increase following President Donald Trump’s new tariffs on imported goods from Mexico, Canada and China.
Beijing, Mexico City and Ottawa reply in kind to Washington, Minnesota’s agricultural exports will likely become more expensive and thus less competitive on the world market," John Rash writes. (Glen
The judgment was issued in a case brought by the Missouri attorney general. The Chinese government did not respond to the claims in court.
Minnesota companies were assessing the damage Tuesday of the nascent trade war between the United States and its three biggest trade partners, an escalating tit-for-tat that could affect billions of dollars in state imports and exports.
Economist John Spry predicts with the new Trump tariffs, the price is going up. “Roughly $100 a month more for the stuff you buy for as long as they’re in effect,” explains Spry, a finance professor at the University of St. Thomas. “These are big tariffs: 25% on everything from Canada and Mexico, except for a lower 10% on energy.”
2don MSN
A Minnesota farmer worries about the price of fertilizer. A San Diego entrepreneur deals with an unexpected cost increase of remodeling a restaurant. A Midwestern sheet metal fabricator bemoans the prospect of higher aluminum prices.
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