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Minnesota Business

Trade War Escalation Puts Minnesota Farms, Factories and the Iron Range in the Crossfire

Minnesota businesses are bracing for another round of trade disruption after U.S.-Canada negotiations collapsed last week, triggering a fresh set of tariffs on both sides of the border.

The U.S. imposed 50% tariffs on roughly $20 billion of Canadian goods early yesterday under a rarely used trade authority, after last-minute talks between the Trump administration and Prime Minister Mark Carney's government fell apart Friday. Canada has vowed to respond in kind: Carney announced dollar-for-dollar retaliatory tariffs taking effect Sept. 8, targeting U.S. steel, dairy, appliances, agricultural equipment, pulp and paper and electronics, according to Reuters. The impact on Minnesota could be significant given Canada is the state's largest single trading partner...

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