President Trump imposing tariffs on Canada could result in higher lumber and gas prices for North Carolina residents, Walden said. “We buy a heck of a lot of oil from Canada. It’s called heavy oil, and our refineries are geared to deal with that heavy oil,” Walden said. “That’s not something you can switch on and off easily.”
On Monday, March 3, Trump confirmed that the 25% tariffs on Mexico and most goods from Canada, along with an additional 10% tariff on Chinese products are going ahead, The Associated Press reported. A 10% tariff on Chinese goods has been in place since early February.
As China, Mexico and Canada prepare for Trump’s tariffs to go into effect, NC businesses could be affected by the additional tax.
RALEIGH, N.C. (WTVD) -- During a news conference at the White House on Monday, President Donald Trump announced that tariffs on products from Canada, Mexico, and China are set to go into effect at midnight.
New tariffs on Canada and Mexico have companies in North Carolina bracing for potential impacts, especially builders and their suppliers.
U.S. tariffs on goods imported from Mexico and Canada are now in effect and they could impact North Carolina wallets.
Trump launched a trade war against America's three biggest trading partners, drawing retaliation from Mexico, Canada and China.
The Centers for Disease Control and Prevention report that if hantavirus progresses to hantavirus pulmonary syndrome, about 38% of people end up dying from the disease.
Trump is set to impose a 25 percent tariff on imports from Canada and Mexico on Tuesday and double his levies on Chinese products to 20 percent. The tariffs, announced in a White House fact sheet, are part of Trump's broader strategy to curb the flow of fentanyl and illegal immigration into the United States.