Share
How exactly will the Trump tariffs affect the economy?
American businesses will soon find out and adjust as some of the United States’ largest trading partners announced retaliatory measures. Mexico and Canada announced a litany of products they plan to add extra taxes to, in response to the United States placing tariffs on incoming steel.
The New York Times’ Neil Irwin writes that it is not necessarily the tariffs themselves that affect prices and supply chain. International businesses are used to the fluctuations of things like taxes and availability of supply.
Michael Says Valley Farmers Says Are Worried
In the Central Valley, where many exports like grapes and pistachios could be threatened by retaliatory tariffs, farmers worry.
For farming and water leader Cannon Michael, Trump’s policies haven’t been for the best.
“California relies a lot on trade. There has been obviously a lot of concern over Trump’s potential disruption of some of the trading relationships we have,” Michael told GV Wire.
Volatility Creates Confusion
It is the volatility on trading that creates difficulty and confusion.
“Even more remarkable is that the Trump administration is willing to make threats against all the nation’s major trading partners at the same time. A trade war with China would be a big deal; a trade war with Europe would be a big deal; a trade war with Canada and Mexico would be a big deal,” Irwin notes. “The United States is flirting with all three at once.”
Read Irwin’s story here.
Watch Twin Meteor Showers Reach Their Simultaneous Peak in Summer Skies
4 hours ago
New York Gunman Was Flagged by Security Camera System Before Attack, Sources Say
5 hours ago
US House Panel Rejects Immunity Request by Epstein Associate Maxwell
6 hours ago
Fresno’s Vacant Property Ordinance Punishes the Wrong People: Rassamni
6 hours ago
Trump Approval Rating Sinks to 40%, the Lowest of His Term, Reuters/Ipsos Poll Finds
7 hours ago
What’s Behind California’s Frozen Housing Market?
7 hours ago
Tulare County Authorities Find Body in Sequoia National Park
8 hours ago
Oil Prices Rise on Trade War Relief, US Pressure on Russia
9 hours ago
Scottie Scheffler vs. Everybody: Open Champion Makes His Case Among the Greats
9 hours ago
California Under Tsunami Advisory After Magnitude 8.7 Earthquake
3 hours ago
Categories

California Under Tsunami Advisory After Magnitude 8.7 Earthquake

Fresno Man Dies in DUI Crash, Driver Arrested

Watch Twin Meteor Showers Reach Their Simultaneous Peak in Summer Skies

New York Gunman Was Flagged by Security Camera System Before Attack, Sources Say

US House Panel Rejects Immunity Request by Epstein Associate Maxwell
