Trade War's Tariffs Costing Minnesota-Owned Manufacturers Profits, BusinessAccording to the advocacy group, Tariffs Hurt the Heartland, Minnesota businesses have paid an extra $704 million in import taxes on products subject to the Trump Administration tariffs. That includes $72 million just in September.
With Tariffs Looming, Imported Food, Wine Face 25% MarkupThomas Liquors in St. Paul is entering that time of year when wine sales really start to increase, but with tariffs looming, it could soon experience a different kind of hangover.
'A Glimmer Of Hope': China Drops Plans To Impose Added Ag TariffsChina says it would not impose additional tariffs on U.S. pork, soybeans and other agricultural commodities.
'Straw That Broke The Camel's Back': New Corn-Ethanol Rules Test Farmers' Loyalty To TrumpThe patience of Midwest farmers with President Trump -- who they mostly supported in 2016 -- is being put sorely to the test.
Minnesota Farmers Feeling Hopeful After Tentative US-Japan Trade DealOn Sunday, the United States and Japan agreed in principle on the core elements of a deal involving agricultural and industrial tariffs. Japan will agree to slash the 38-48% tariffs it imposes on imports of U.S. beef.
Toymakers Anxious Over Next Round Of TariffsThe growing trade war between the U.S. and China could well become the "Grinch Who Stole Christmas." At least that's the fear of the American toy industry, which is meeting in the Twin Cities this week.
'We Are Very Grateful': Cambria CEO Credits Trump's Tariffs For Helping His BusinessOn Wednesday, the U.S. International Trade Commission ruled unanimously in favor of Minnesota-based Cambria.
Soggy Fields Leave Midwestern Farmers With Few Good AnswersSince Bob Worth started farming in 1970, this is the first year he's opted not to plant on most of his 2,300 acres near the southwestern Minnesota community of Lake Benton. It was a difficult choice, but one Worth said he felt obligated to make given the ducks that are swimming where his corn and soybeans should be growing.
Trump Announces $16B In Aid To Farmers Hurt By Trade WarPaul Gohlke, a grain farmer in Sibley County, says spring has not been kind to Minnesota's farmers. A combination of weather and world trade is hitting them hard.
'Wait And See': China Still Mulling Retaliation In Trade War With U.S.Companies were bracing Monday for how Beijing might retaliate against President Trump's escalation of a fight over technology and trade that threatens to disrupt a Chinese economic recovery.
Trump Admin. Steps Up Pressure On China With Threat Of More TariffsEarlier Friday, the U.S. increased tariffs on approximately $200 billion worth of Chinese goods from 10 percent to 25 percent.
Trump: 'Process Is In Place' To Boost Tariffs On Even More Chinese GoodsAfter the U.S. increased tariffs from 10 percent to 25 percent on $200 billion worth of Chinese goods, President Donald Trump said Friday that the "process is in place" to levy an expanded round of tariffs on effectively the remainder of Chinese imports, totaling $325 billion.
Higher China Tariffs Could Cost Americans $767 AnnuallyTrump tweeted that he intended to hike tariffs on Chinese goods to 25 percent from 10 percent put in place in September.
Survey: Farmland Prices Expected To Drop In Minnesota, 9 Other StatesA new survey says farmland prices are expected to continue their decline in parts of 10 Plains and Western states. The latest Rural Mainstreet survey shows that on average, bank CEOs in the region estimated farmland prices declined by 4 percent over the past 12 months. They expect farmland prices to fall by another 3.2 percent over the next 12 months.
Minn. Counties Try To Get Ahead Of Potential Price Hikes Due To TariffsBusinesses across the country are trying to predict how tariffs could affect day-to-day operations. And they aren't the only ones. Some counties are trying to get ahead of any potential price hikes due to steel and aluminum tariffs.