March 4, 2025
ABC30 Action News "Valley experts weigh in on impact of Trump tariffs"
UC Merced Economics professor Greg Wright says this could also start a trade war.
"But on the flip side, Canada and Mexico and China are probably going to impose tariffs of their own on our exports to those countries, and so what that means is that U.S. producers are going to face smaller markets effectively for their products and more difficulty selling to those countries," said Wright.
Wright adds that tariffs of this level with United States trading partners have not happened since the 1940s, causing the unknown for people across the nation.
Read the full ABC30 article here.
