Apple, Trump and Tariff
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A third report, from the Michigan Treasury Department, is expected to be released on the morning of May 16. Economic uncertainty slows growth and shifting federal policies related to tariffs ...
Over the next five years, the increased tariffs will cost Michigan's auto industry about 3,300 jobs, the economists said. Those job losses will have a multiplier effect on Michigan’s broader economy, meaning there will be a reduction of "approximately 13,000 jobs over the next several years," according to their report.
Walker Tool & Die president Jeff Umlor says while tariffs help level the playing field with China, the unpredictable implementation hurts his customers.
Left unanswered at the revenue conference was how Trump's planned budget cuts will impact revenues Michigan receives from the federal government.
The slide in cross-border traffic comes as some Canadian travel agents and officials say more people are scrapping plans to visit the United States.
Tariffs have been a major topic of conversation lately, but how will they affect big sales like Prime Day and Black Friday? Find out what prices to expect.
The impact of tariffs amid a trade war is already showing up in travel from Canada to Michigan. The number of people crossing into the Great Lakes State from Canada fell 11% in February and March.
Demanding new tariffs on Europe and Apple, Trump’s wild tariff roller-coaster ride is making it tough to do business—and will put a drain on the economy. We should have known it was too good to last.