Feb 10, 2025

OH TARIFF IMPACT


OH TARIFF IMPACT

OHIOANS CAN EXPECT TO FEEL THE IMPACT OF THE CHINESE TARIFFS IN OUR WALLETS.
RETALIATORY TARIFFS FROM CHINA ARE SET TO BEGIN WITH A 15% TARIFF ON US COAL AND LIQUEFIED NATURAL GAS PRODUCTS AND A 10% TARIFF ON AMERICAN CRUDE OIL. WE TALKED TO THE OHIO COUNCIL OF RETAIL MERCHANTS, WHO SAY CHINA'S RETALIATION WILL AFFECT PRICES FOR CONSUMERS. PRESIDENT AND CEO GORDON GOUGH SAYS THE IMPACT WILL BE DETERMINED BY HOW LONG NEGOTIATIONS WILL TAKE.


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