1don MSN
This comes amid a trade war where President Donald Trump is slapping tariffs on some foreign products, including proposing a potential tariff on Canadian lumber and dairy up to 250%. “Predictably is the friend to everybody,
It has been confirmed that President Donald Trump will impose tariffs on the United States’ largest trading partners starting Tuesday, sparking fears about the impacts that could have for American consumers.
Among states most vulnerable to Trump’s tariffs, Ohio ranked No.21 with cumulative imports from all three countries totaling $79.7 billion. That accounts for 48.5% of the state’s imports. Here's how other states stacked up.
6don MSN
COLUMBUS, Ohio — The Trump administration is putting a 25% tariff on imports from Canada and Mexico, effective Tuesday. Ned Hill, a professor of economic development at The Ohio State University, said the first thing people will notice is the increase in price of food.
CANADA (TNND) — Canada's Liberty Party has elected former central banker Mark Carney to replace Prime Minister Justin Trudeau amid a trade war with the United States. Carney, 59, won in a landslide with 85.9% of the vote.
Will Ohio consumers get caught in the cross hairs of trade wars with Mexico, Canada and China? If so, the financial fallout could spell big trouble.
Canada is now poised to hit the U.S. with 25 percent tariffs on C$30 billion of U.S. goods, and the threat of C$125 billion more after a 21-day consultation period. The list of what would get tariffed immediately includes food — poultry, beef, fish, yogurt and more — along with various textiles and furniture.
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