Ohio Economy Braces for Canadian Tariff Retaliation
Canada's retaliatory tariffs against the US are set to impact Ohio's economy starting next month. The $20 billion in tariffs will affect over 700 products, making it harder for American consumers to afford everyday items.
The Buckeye State relies heavily on trade with Canada, and is the top exporter of car engines in the country. The senior vice president of Government Affairs for the Ohio Chamber of Commerce, Rick Carfagna, spoke about the potential impact of these tariffs on Ohioans' wallets during an interview on Capital This Week.
With Canada being Ohio's number one customer, the state is likely to feel the effects of these tariffs. The exact extent of the impact remains uncertain, but it's clear that consumers will bear the brunt of these trade measures.