John Rosenow climbed into a pickup truck in Zongolica, a small city in rural southern Mexico, squeezing into the front with several friends and relatives from Wisconsin
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
Canada and Mexico are among the top three countries for Minnesota’s agricultural exports, and both countries are expected to retaliate.
Minnesota producers say they’re worried about the impact that tariffs on Canada, China and Mexico coupled with retaliatory tariffs could have on the agriculture industry.
After delaying proposed tariffs once, President Donald Trump has now implemented them on most goods from Canada and Mexico. They went into effect at 12:01 a.m. Tuesday.
After delaying proposed tariffs once, President Donald Trump has now implemented them on most goods from Canada and Mexico. They went into effect at 12:01 a.m. Tuesday.
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.
Tariffs of 25% on goods imported from both Canada and Mexico begin on Tuesday, while the impact they could have on Minnesota farmers is not known yet. FOX 9’s Bill Kellar has the latest.
Off-road vehicle maker Polaris said it may introduce a surcharge on some goods sold in the U.S. if the Trump administration's tariffs on imports from Mexico persist. The Minnesota-based company’s largest factory is in Monterrey,
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.”
Minnesota companies were assessing the damage Tuesday of the trade war between the U.S. and its three biggest trading partners, an escalating tit-for-tat that will affect billions of dollars in state imports and exports.
Canada and Mexico are among the top three countries for Minnesota’s agricultural exports, and both countries are expected to retaliate.