Some state lawmakers fear the tariffs will lead to higher prices for Ohio residents, while the CEO of Cleveland-Cliffs believes they will lead to higher production.
CLEVELAND — The American economy changed dramatically Tuesday as American tariffs took effect against Mexico and Canada, leading many to fear we are on the brink of a trade war if those nations retaliate with their own tariffs against the United States.
President Donald Trump had previously expressed that he’s forcing countries to crack down on “the major threat of illegal aliens and deadly drugs killing our Citizens, including fentanyl.” The fallout is causing some state lawmakers to worry, though.
“My biggest concern immediately is the impact that Ohioans will see in the grocery store, at the gas pump, on their utility bills,” Ohio House Minority Leader Allison Russo (D-Upper Arlington) said.
Imports from Canada and Mexico are now to be taxed 25%, with Canadian energy products getting tariffed at a lower rate of 10%. …