tariff

Canada Tariffs Could Stifle Future Hoosier Foreign Trade

Jun 12, 2018

Mexico and Canada have retaliated against the Trump Administration’s newest round of steel and aluminum tariffs. These new taxes could hurt states, like Indiana, that have supported the president.

China’s newest list of proposed tariffs include one of Indiana's staple crops – soybeans – and would hit the Hoosier agriculture industry hard.

Purdue professor of agricultural economics Wally Tyner and colleague Farzard Taheripour studied the possible impact the tariff like the one announced would have on the U.S. Tyner says the 25 percent proposed tariff on soybeans would hurt the U.S. economy.

Wikimedia Commons

A federal trade board has sided with the American steel industry this week, ruling that China harmed U.S. companies with unfair business practices.

But, U.S. steelmakers won't get the all-out ban on Chinese imports they requested.

The ruling is a victory for Pittsburgh-based U.S. Steel, which asked the International Trade Commission to recommend a ban on Chinese steel earlier this year.