President Trump imposing tariffs on Canada could result in higher lumber and gas prices for North Carolina residents, Walden said. “We buy a heck of a lot of oil from Canada. It’s called heavy oil, and our refineries are geared to deal with that heavy oil,” Walden said. “That’s not something you can switch on and off easily.”
As China, Mexico and Canada prepare for Trump’s tariffs to go into effect, NC businesses could be affected by the additional tax.
President Donald Trump earlier this week promoted tariffs as a way to bring furniture-making manufacturing to North Carolina.
Experts say you could save thousands of dollars by buying a car now, versus later in 2025 if tariffs are enacted.
The EDPNC reports Mexico is North Carolina's second-largest import market and third-largest export market, and Chinese companies employ more people in North Carolina than any other state.
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