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.
Gomez Guilty of Murdering Los Hooligans Bass Player
8 hours ago
Biden Says It Was a Mistake to Say He Wanted to Put Trump in a ‘Bull’s-Eye’
9 hours ago
Tesla CEO Elon Musk Appears to Confirm Delay in Aug. 8 Robotaxi Unveil Event to Make Design Change
11 hours ago
Smittcamp Asks Court to Drop His Lawsuit Against Controversial NW Fresno Project
12 hours ago
Measure P Arts Grants Spark Debate and a Meeting Tonight
12 hours ago
Tedford Exits Fresno State Football. Tim Skipper Is the Next Bulldog Up.
12 hours ago
Trump Receives Enough Delegate Votes to Officially be Republicans’ Nominee
13 hours ago
Man Dies After Rescuing His 2 Children in Mississippi River