The three countries are Oklahoma's most utilized trade partners, and tariffs can lead to impacts in an array of industries throughout the state.
OSU economist warns Trump s tariffs could slow job growth, raise prices and increase unemployment if sustained.
Tariffs on imports from Canada, China, and Mexico took effect on Tuesday. An expert discusses how they will impact businesses and consumers in Oklahoma.
The Impact of Tariffs on Trade While tariffs are designed to benefit domestic industries, they can also have unintended consequences: Higher Consumer Prices: Businesses often pass tariff costs onto consumers, leading to increased prices for goods. Retaliatory Measures: Other countries may impose their own tariffs in response, leading to trade wars.
Analysts said Oklahomans could soon be paying more for some groceries after tariffs took effect for the United States' largest trading partners this week.