OSU economist warns Trump s tariffs could slow job growth, raise prices and increase unemployment if sustained.
The three countries are Oklahoma's most utilized trade partners, and tariffs can lead to impacts in an array of industries throughout the state.
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Irish Star on MSNGOP senator parrots Justin Trudeau's unwanted nickname as he defends Trump's Canada tariffsDuring a press conference earlier this week, Trump's press secretary Karoline Leavitt said that the Republican leader “feels strongly that it would be very beneficial for the Ca
Tariffs on imports from Canada, China, and Mexico took effect on Tuesday. An expert discusses how they will impact businesses and consumers in Oklahoma.
The Impact of Tariffs on Trade While tariffs are designed to benefit domestic industries, they can also have unintended consequences: Higher Consumer Prices: Businesses often pass tariff costs onto consumers, leading to increased prices for goods. Retaliatory Measures: Other countries may impose their own tariffs in response, leading to trade wars.
President Donald Trump Thursday paused the 25% tariffs on Canada and Mexico that started earlier this week, with plans to restart them in April.
Analysts said Oklahomans could soon be paying more for some groceries after tariffs took effect for the United States' largest trading partners this week.
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