Tariffs & Trade – TheMinotVoice.com

Trump says the U.S. will just tell countries their tariff rates (again)

by: Josh Wolsky | May 17, 2025

After months of promising “90 deals in 90 days,” President Trump now says there’s no time for trade negotiations. Instead, countries will be told—by letter—what tariffs they’ll pay to access the U.S. market. It’s a sharp reversal from the administration’s earlier rhetoric of dealmaking and diplomacy. With just two agreements loosely in place, the new

Read & Share sourced from: Quartz

Vietnam approves a $1.5 billion Trump golf resort project as tariff talks loom

by: MinotVoice | May 17, 2025

As tensions rise between Washington and Hanoi over trade, a new headline is drawing attention for more than just economics. Vietnam has greenlit a $1.5 billion Trump Organization project—complete with golf courses, resorts, and luxury housing—just as it faces sharp new U.S. tariffs. The deal arrives amid pressure from the Trump administration to curb Vietnam’s

Read & Share sourced from: Quartz

North Dakota honey producers ask President Trump for tariffs

by: MinotVoice | May 17, 2025

While some industries are eager to see tariffs rolled back, North Dakota’s honey producers are asking for more. With prices stuck at 20-year lows and costs rising across the board—from bee feed to labor—they say unfair competition is pouring in through back doors. Chinese honey is still tariffed, but producers argue it’s being rerouted through

Read & Share sourced from: KFYR

Canadian campers going ‘elbows up’ this summer amid U.S. trade war

by: MinotVoice | May 16, 2025

This summer, some Canadians are pitching their tents with a little extra pride—and maybe a political edge. With tensions stirred by U.S. tariffs and talk of annexation, many are opting to camp, canoe, and bike closer to home, trading border crossings for national parks. While some shrug off the politics, others see outdoor recreation as

Read & Share sourced from: The Canadian Press

The U.S. and China announce a deal to cut tariffs, temporarily easing trade war

by: MinotVoice | May 12, 2025

The U.S. and China have agreed to sharply reduce tariffs after high-level trade talks in Switzerland, easing tensions that had disrupted global markets. U.S. tariffs on Chinese goods will drop from 145% to 30% for 90 days, while China will cut its tariffs from 125% to 10%. Both sides called the talks productive and pledged

Read & Share sourced from: NPR

In the wake of tariffs, cargo at the Port of LA is down 35%

by: MinotVoice | May 8, 2025

Each morning, dock workers line up outside ILWU Local 13 hoping for a job slip. Lately, more are leaving empty-handed. Container volume through the ports of Los Angeles and Long Beach—the busiest in the Western Hemisphere—is down 35% from last year, largely due to rising tariffs on Chinese goods. The impact stretches far beyond the

Read & Share sourced from: NPR

Trump is right about steel tariffs

By: Hollie Noveletsky, Inside Sources | May 3, 2025

President Trump’s tariffs are causing much consternation at both the kitchen table and the business table. Much of this anxiety comes from the rapid release of multiple Executive Orders (EO) relating to tariffs, making it difficult to grasp the individual and collective impact of the tariffs. But tariffs have been a trade tool used by

Read & Share sourced from: Inside Sources

America’s travel industry is in sharp decline

by: MinotVoice | May 1, 2025

Fewer people want to visit the United States, and it’s starting to hurt the economy. For the first time in decades, the U.S. is running a travel trade deficit — meaning we’re spending more abroad than visitors are spending here. Blame a mix of unfriendly policies, rising tariffs, and a colder international reputation. Foreign student

Read & Share sourced from: Quartz

Relief on auto tariffs coming, Treasury secretary says

by: MinotVoice | April 30, 2025

As President Trump marks 100 days into his second term, his administration is shifting gears on one of its most controversial policies—auto tariffs. A new executive order expected Tuesday promises relief for domestic carmakers after weeks of economic whiplash triggered by sweeping import taxes. While no international deals are finalized, Treasury Secretary Scott Bessent says

Read & Share sourced from: North Dakota Monitor

Tourism challenges amidst tariff tensions: A look at the International Peace Garden

by: MinotVoice | April 29, 2025

As tensions at the border rise, the International Peace Garden finds itself in a delicate spot—caught between customs checkpoints and misconceptions. Fewer Manitobans are crossing south, and that’s starting to ripple through North Dakota’s tourism economy. But here’s the thing: you don’t have to cross a formal border to visit the Garden. It straddles both

Read & Share sourced from: Discover Westman

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

by: MinotVoice | April 21, 2025

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

by: MinotVoice | April 19, 2025

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

by: Josh Wolsky | April 17, 2025

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

by: MinotVoice | April 15, 2025

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

by: Josh Wolsky | April 15, 2025

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

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

by: MinotVoice | April 12, 2025

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