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With tariffs in effect, Gov. Walz talks about impacts on Minnesota farmers [Video]

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Canadian Economy and Markets

Trump tariffs on Canada, Mexico, China take effect

After delaying proposed tariffs once, President Donald Trump has now implemented them on most goods from Canada and Mexico. They went into effect at 12:01 a.m. Tuesday.

Most imports from the two North American countries will be taxed at 25%. Canadian energy products will be taxed at a lower rate of 10%.

Trump also doubled the rate of the tariffs on Chinese imports, which was 10% when imposed in Febuary and is now 20%.

The president says the tariff brings fairness, but economists say Americans could be seeing higher prices on products here because of them.

Gov. Tim Walz held a press conference Tuesday afternoon at a corn and soybean farm in Cannon Falls to talk about how the tariffs will impact Minnesota farmers, as Canada and Mexico are among the top three counties for Minnesota agricultural exports.

“The uncertainties that are out of their control, producers have always dealt …

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