Tag: Tariffs & Trade

In Thunder Bay, Canadians shift from economic anger to action over U.S. tariffs 

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by: MinotVoice  |  

Uncertainty hesitates, lost trust recalibrates. What once felt like a seamless border between the U.S. and Canada now feels strained, and the tension isn’t just political—it’s personal and economic. Canadians are rethinking American partnerships, rerouting their supply chains, and skipping once-routine cross-border trips. The message is clear: when trust erodes, business doesn’t just pause—it pivots.

Read & Share   sourced from: MPR

As international visitors stay away, Yellowstone National Park tourism industry banks on Americans

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by: MinotVoice  |  

Yellowstone’s gates are open, and the shelves in West Yellowstone are once again stacked with shot glasses, hoodies, and stuffed bison calves. But this summer’s tourist season carries a different tone. While American families may still hit the road, the global crowd is thinning — a ripple effect of tariffs, market unease, and shifting international

Read & Share   sourced from: Idaho Capital Sun

What the Fed’s Economic Researchers Are Learning About Tariffs and the Economy

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by: Josh Wolsky  |  

The Minneapolis Fed, like all branches of the Federal Reserve System, doesn’t set trade policy—but it must respond to its effects. That’s the tension explored in a series of new research papers unpacking how tariffs and trade influence the Fed’s dual mandate: stable prices and maximum employment. Drawing on deep theoretical models, economists show that

Read & Share   sourced from: Federal Reserve Bank of Minneapolis

Manitoba freezes some electricity exports to U.S., plans to turn northward

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by: MinotVoice  |  

Manitoba is pulling some of its power back home — and with it, a vision for growth. Premier Wab Kinew says the province will keep 500 megawatts of hydroelectric power that had been flowing south to Minnesota, using it instead to fuel new housing, industry, and trade within Canada. The move isn’t just about energy

Read & Share   sourced from: The Canadian Press

Manitoba traffic down at Emerson-Pembina border, US tourism officials nervous

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by: Josh Wolsky  |  

Fewer Canadian license plates in Fargo parking lots aren’t just a coincidence — they’re a sign of shifting travel habits at the border. Early data shows a sharp drop in Manitobans crossing into North Dakota this year, leaving tourism leaders bracing for a quieter season. Political tensions, trade disputes, and a weak Canadian dollar are

Read & Share   sourced from: Winnipeg Free Press

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Former head of the World Bank shares global economic insights during lecture at NDSU

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by: MinotVoice  |  

For decades, Robert Zoellick helped shape America’s approach to the world — open markets, strong alliances, and steady leadership. Speaking this week at North Dakota State University, the former World Bank president warned those principles are slipping. From trade wars with Canada and Mexico to rising global instability, Zoellick questioned whether America’s word still carries

Read & Share   sourced from: InForum

Farmer bankruptcies doubled in 2024. Trump’s trade war is adding to their financial uncertainty.

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By: Juan Vassallo, Investigate Midwest |

by Juan Vassallo, Investigate Midwest, Investigate Midwest April 9, 2025 The financial picture for American farmers took a hit in 2024. Net farm income dropped to its lowest point in four years, farmland values started to cool, and across much of the Midwest, the number of farm loans at serious risk of default climbed to

Read & Share   sourced from: Investigate Midwest

Tariffs Rise, Markets Shrink, and Farmers Are Left Holding the Beans

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by: MinotVoice  |  

U.S. soybean farmers are facing a problem they can’t grow their way out of. As President Trump escalates tariffs on China — America’s biggest soybean customer — farmers are left with a shrinking market and few good options. Domestic demand won’t absorb the loss. Switching crops isn’t easy. And South America, especially Brazil, is stepping

Read & Share   sourced from: Investigate Midwest

President Trump sets 90-day pause on many tariffs, hikes China to 125%

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by: MinotVoice  |  

President Trump is hitting pause, again — but not everywhere. After weeks of market turmoil tied to steep new tariffs, Trump announced a 90-day suspension of tariffs for countries willing to negotiate new trade deals. The move sent stocks soaring. But the pause won’t apply to China, which faces an immediate tariff hike to 125%

Read & Share   sourced from: North Dakota Monitor

One Small Business, One Big Fight: Challenging Trump’s Tariffs

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by: MinotVoice  |  

When a company with just ten employees takes on the federal government, it’s worth paying attention. Emily Ley, founder of the stationery brand Simplified, has filed the first known lawsuit challenging President Trump’s China tariffs. Her argument is simple: the tariffs are unconstitutional and crippling to small businesses like hers. With rising costs threatening jobs,

Read & Share   sourced from: Fast Company

Prime Minister on U.S. tariffs: ”Sweden is well-prepared”

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by: MinotVoice  |  

Sweden’s prime minister isn’t mincing words: he regrets the U.S. decision to impose new tariffs, but says his country is ready. As President Trump’s 20% tariff on European goods heads into effect April 9, Prime Minister Ulf Kristersson is signaling calm and cooperation—pledging to work with the EU to push back. It’s a familiar tension

Read & Share   sourced from: Radio Sweden

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‘Consumers are going to pay for it’: Local economist warns of Trump’s tariffs

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by: MinotVoice  |  

President Trump is calling it “Liberation Day”—a bold move to rewire global trade with sweeping new tariffs, including a 34% penalty on Chinese imports and 20% on the European Union. The goal? Level the playing field for American workers. But while the White House frames it as economic independence, economists are already bracing consumers for

Read & Share   sourced from: InForum

The 51st State? Don’t Bet the Crown Royal on It

by: Jim Maxson  |  

Having just returned from Vancouver, British Columbia, a frequent destination due to family ties, here are a few observations. Unlike many past trips, one notices a significant proliferation of the display of the Canadian flag. As has been reported, the Liberal party has gone from being down twenty percentage points or more in the polls

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Tariffs threaten craft beer as industry battles declining sales and rising costs

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by: Josh Wolsky  |  

Craft brewers have weathered shifting tastes, a pandemic, and fierce shelf competition—but now they’re bracing for a new kind of squeeze: tariffs. With steel kegs, Canadian malt, and aluminum cans caught in President Trump’s trade crosshairs, the cost of brewing is climbing fast. For small breweries, these aren’t abstract policy moves—they’re a direct hit to

Read & Share   sourced from: Associated Press

The Backstory: Trade wars add stress to North Dakota’s $41 billion ag economy

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by: MinotVoice  |  

In this episode of The Backstory podcast by the North Dakota News Cooperative, CEO Sabrina Halvorson and lead reporter Michael Standaert delve into the effects of President Donald Trump’s trade wars on North Dakota’s $41 billion agricultural economy. The discussion highlights concerns and uncertainties faced by local farmers and agricultural leaders regarding tariffs and trade

Read & Share   sourced from: North Dakota News Cooperative

Saskatchewan backtracks on complete ban of U.S.-branded beer, liquor, “Made in Canada” will make shelves

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by: MinotVoice  |  

After briefly pulling dozens of U.S.-branded alcoholic drinks from shelves, Saskatchewan is reversing course—at least partially. The province will now allow sales to resume for products confirmed to be made in Canada. The move follows backlash to a sweeping response to U.S. tariffs announced by President Trump earlier this month. While the original ban was

Read & Share   sourced from: Regina Leader Post