Trump’s New Tariffs Could Affect Minnesota Farmers, Manufacturers

(MNN)-Minnesota businesses and farmers could feel the effects of President Donald Trump’s latest round of tariffs. The administration is imposing new tariffs of 10% to 12.5% on imports from 60 U.S. trading partners as temporary worldwide tariffs expire today. Economists say the move could raise costs for Minnesota manufacturers that rely on imported parts while increasing prices on some consumer goods. There’s also concern that countries targeted by the tariffs could retaliate, making it more difficult for Minnesota farmers and food producers to sell products overseas.