Minnesota companies were assessing the damage Tuesday of the nascent trade war between the United States and its three biggest trade partners, an escalating tit-for-tat that could affect billions of dollars in state imports and exports.
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Missouri wins $24B judgment against China over its response to covid
Missouri wins $24 billion judgment against China for ‘unleashing COVID-19 on the world’
Missouri Attorney General Andrew Bailey won a $24 billion judgment against China for the country’s part in exacerbating the spread of the COVID-19 pandemic. “This is a landmark victory for Missouri and the United States in the fight to hold China accountable for unleashing COVID-19 on the world,
Trump, tariffs and Minnesota
Minnesota leaders, farmers condemn latest Trump tariffs, vow to find solutions
Here's what you should know about Trump's tariffs and their impact on Minnesota
The tariffs on imports from Mexico, Canada and China by President Donald Trump could have far-reaching consequences for consumers in Minnesota.
Minnesota farmers say President Trump's tariffs will have big impacts
Danny Lundell said the tariffs will impact the price he pays for potash — a valuable soil nutrient — something he can only get from Canada. "We need potash to raise healthier crops," Lundell said. Mr. Trump recently went to social media, telling farmers to "have fun" selling domestically.
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.”
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.
Strib Voices publishes a mix of commentary online and in print each day. To contribute, click here . ••• “We believe in comparative advantage,” Cargill CEO Brian Sikes said at an Economic Club of Minnesota event last week.
Commerce Secretary Howard Lutnick said later on Tuesday that the U.S. would likely meet Canada and Mexico “in the middle,” with an announcement coming as soon as Wednesday. Lutnick told Fox Business News the tariffs would not be paused, but that Trump would reach a compromise.
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