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.
Which US states could be hit hardest by Trump’s Canada and Mexico tariffs?
Ohio considered among 'most vulnerable' to Trump tariffs and retaliatory tariffs
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.
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Trudeau not willing to lift Canada's retaliatory tariffs if Trump leaves some tariffs on Canada
I think we’ll have more business as [the tariff issue] ramps up,” predicted Brian McDonald, vice president of sales and marketing for Ohio-based Simplay3.
China, the largest buyer of Ohio soybeans, put a 10% tariff on all soybean imports in retaliation for the U.S. tariffs that went into effect Tuesday. Mexico, the second-largest buyer, tacked on a 25% tariff. Ohio Soybean Association Executive Director Kirk Merritt said it is not looking good.
Amazon S3 on MSN1d
Tariffs Impact on Ohio's Agriculture: Farmers' Struggle ContinuesOhio farmers have not fully recovered from the 2018 trade war with China, which saw a 25% tariff on U.S. soybeans and a significant loss of their largest market. Portage County's Chuck Serre highlights the over 50% income drop since 2013,
Having been down this road before, Ohio farmers prepare for impact of tariffs levied on leading trade partners Canada, Mexico and China.
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