In a devastating move for working families across the country and in Minnesota, Donald Trump announced a sweeping set of new tariffs on imported goods. These tariffs are among the largest in U.S. history, and economists warn they could cost the average American up to $3,800 per year in higher prices.
What Exactly is a Tariff?
A tariff is a tax placed on imported or exported goods by a government. Trump’s aggressive tariffs on key U.S. trading partners, starting with China and Canada, will drive up the cost of foreign goods, leading to higher prices on groceries, gas, manufactured products, and lumber.
But the impact goes beyond just consumer prices, Trump’s reckless trade policies are escalating a global trade war. Longtime U.S. allies have already promised to retaliate if these tariffs remain in place, putting American businesses and jobs at further risk.
Already China has hit back with a 34% tariff on goods imported from the U.S. and Canada has placed new tariffs on automobiles, making cars more expensive for Americans looking to buy.
How Will Trump’s Tariffs Impact Minnesota?
Last year, Minnesota imported $40 billion worth of goods, including oil, machinery, vehicles, medical devices, and more. All of these imports will be subject to at least a 10% tariff, with even higher rates expected next week.
The tariffs will immediately impact industries that rely on trade with our northern neighbor, Canada which means:
- Higher Gas Prices: Minnesota depends heavily on Canadian oil, which is now facing a 10% tax rate. That means higher prices at the pump and increased energy costs for Minnesota families and businesses.
- Farmers at Risk: Minnesota’s farmers will bear the brunt of these tariffs. Retaliatory tariffs from other nations will target Minnesota’s top exports like soybeans and corn, leading to steep losses for farmers.
- Rising Costs for Working Families: As businesses struggle with higher import costs, they will pass those costs onto consumers. That means Minnesotans can expect higher prices on everything—from eggs and groceries to housing, cars, gasoline, and electronics.
We Must Hold Trump and Conservatives Accountable
Instead of fighting back against Trump’s reckless trade war, Minnesota conservatives are focused on cutting taxes for the wealthy while rolling back access to health care, public education, and paid family leave.
Minnesotans deserve leaders who will stand up to Trump and his billionaire friends—not sell out working people so they can line their pockets.
