Jul 14, 2018

Go deeper: Hyperlocal headlines illustrate impact of Trump's trade war

Workers pack lobsters to export from Maine to China. Photo: Gregory Rec/Portland Press Herald via Getty Images

President Trump's trade wars are hitting businesses large and small in every corner of the country.

The big picture: This week, a slew of local news headlines tell stories of manufacturing plants or development projects derailed by tariffs. Together, they warn of the potential impact on the American economy of an escalating global trade fight.

The headlines:

"Utah's new prison could cost millions more than projections thanks to steel tariffs" by RaeAnn Christensen. (KUTV local TV)

  • The details: The $700 million project for a new state prison could increase by as much as $15 million more expensive due to costlier steel.

"Some farmers fret amid trade war, animating ND’s Senate race" by John Hageman. (Bismarck Tribune)

  • The details: North Dakota farmers are doubly hit. They face China's retaliatory tariffs on American agricultural products and more expensive equipment due to Trump's steel tariffs. "Right now, I am the most scared I’ve ever been as to where the future of farming is going," Randy Richards, the Steele County president for the North Dakota Farmers Union, told the Tribune.

"In South Dakota, patience wears thin as tariffs hit home" by Dana Ferguson and Jeremy Fugleberg. (Argus Leader)

  • The details: South Dakota farmers fear the same as their counterparts in the North. And ranchers in the state are bracing for the impact on Chinese retaliation against American beef.

"Which Wisconsin exports are Canada's tariffs hitting the hardest?" by Scott Gordon. (WisContext)

  • The details: Canada is the largest destination for goods exported from Wisconsin, and Canada's retaliation to steel and aluminum tariffs are striking greeting cards, tissue paper, napkins, toilet paper, playing cards as well as farm products from Wisconsin.

"Eugene bike firms oppose tariffs on components, e-bikes" by Tom Adams. (KVAL local TV)

  • The details: Hanna Scholz — a local bike shop owner in Eugene, Oregon — says she'll have to raise prices for bikes "quite a bit" if the Trump administration's proposed tariffs on the Chinese raw materials her shop uses to build custom bikes go into effect.

"Tariffs Hit Maine's Lobster Industry" by Weekend Edition (NPR)

  • The details: "Dealers ship millions of dollars' worth of live Maine lobster to China but much of that business may be headed to Canadian lobstermen after hefty new tariffs."

Go deeper

Situational awareness

Photo: Drew Angerer/Getty Images

Catch up on today's biggest news:

  1. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  2. Trump misrepresents 2020 Russia briefing as Democratic "misinformation"
  3. Bernie Sanders takes aim at Bloomberg: "Trump will chew him up and spit him out"
  4. Nearly half of Republicans support pardoning Roger Stone
  5. Scoop: Lyft acquires cartop advertising startup Halo Cars

Sanders takes aim at Bloomberg: "Trump will chew him up and spit him out"

Photo: Mario Tama/Getty Images

Bernie Sanders told CBS "60 Minutes" that he was surprised by Mike Bloomberg's lackluster performance at Wednesday's Democratic debate.

What he's saying: "If that's what happened in a Democratic debate, you know, I think it's quite likely that Trump will chew him up and spit him out."

Scoop: Lyft acquires cartop advertising startup Halo Cars

Photo: Drew Angerer/Getty Images

Lyft has acquired Halo Cars, a small startup that lets ride-hailing drivers earn money via ad displays mounted atop their cars. Lyft confirmed the deal but declined to share any details.

Why it matters: Ride-hailing companies are increasingly eyeing additional ways to generate revenue, and Lyft rival Uber has been quietly testing a partnership with New York-based Cargo that gives it a cut of the advertising revenue, as I previously reported.