U.S. Tariffs

On Wednesday, President Donald Trump announced a slew of new reciprocal tariffs on countries across the globe. Trump placed a 10 percent baseline tax on imports from all countries as well as an additional 34 percent tax on imports from China, a 20 percent tax on imports from the European Union, and a 24 percent tariff on Japan among many others. Markets suffered huge losses to end the week.

North Country interests are carefully watching Canada's political duel and the implications for cross border trade.

The United States imposed 25 percent tariffs on Mexican and Canadian goods at midnight Tuesday. Canada immediately announced reciprocal tariffs. Northern border interests are watching the leaders of both countries as negotiations continue and the economic ramifications of the border taxes begin to be felt.

Northern New York border interests are criticizing the Trump Administration’s less than 24-hour turnaround over tariff implementation.

Vermont businesses are weighing in about prospective tariffs.