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We're on the eve of expected 25% tariffs against Canada and Mexico going into effect. Michigan and Metro Detroit's economies are deeply tied to international trade — whether it's the automotive and manufacturing sectors or our vast agricultural areas.
So what are we really looking at as far as impacts by the decision the Trump administration says they're going to make? How do we get past the rhetoric, fear, and doubt to how this will impact our state and region, as many jobs and livelihoods are on the line?
What about cost increases on everything from avocados to autos? What about gas prices?
If we decide to put tariffs on the European Union, how will that likely increase drug prices? What about the thought that "tariffs didn't hurt the last time?"
My guests are two experts, economists from Michigan State University.
- David Ortega is a food economist and professor at MSU
- Jason Miller is a professor of Supply Chain Management at MSU.
Daily Detroit shares what to know and where to go in Detroit every day.
Find us on Apple Podcasts: https://podcasts.apple.com/us/podcast/daily-detroit/id1220563942
Or sign up for our newsletter: https://www.dailydetroit.com/newsletter/
4.8
166166 ratings
We're on the eve of expected 25% tariffs against Canada and Mexico going into effect. Michigan and Metro Detroit's economies are deeply tied to international trade — whether it's the automotive and manufacturing sectors or our vast agricultural areas.
So what are we really looking at as far as impacts by the decision the Trump administration says they're going to make? How do we get past the rhetoric, fear, and doubt to how this will impact our state and region, as many jobs and livelihoods are on the line?
What about cost increases on everything from avocados to autos? What about gas prices?
If we decide to put tariffs on the European Union, how will that likely increase drug prices? What about the thought that "tariffs didn't hurt the last time?"
My guests are two experts, economists from Michigan State University.
- David Ortega is a food economist and professor at MSU
- Jason Miller is a professor of Supply Chain Management at MSU.
Daily Detroit shares what to know and where to go in Detroit every day.
Find us on Apple Podcasts: https://podcasts.apple.com/us/podcast/daily-detroit/id1220563942
Or sign up for our newsletter: https://www.dailydetroit.com/newsletter/
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