Editor's note: This segment aired prior to President Donald Trump's announcement of a 90-day tariff pause to most countries

More U.S. tariffs against China were implemented overnight and China shot back Wednesday morning with 84 percent tariffs on U.S. goods. That’s in the midst of stocks seriously sliding after President Trump’s implementation of global tariffs last week.

The severe change in economic policy has rocked financial markets globally. But how could these tariffs affect markets in Minnesota? The president of the Minnesota Retailers Association, Bruce Nustad, joined Minnesota Now, along with the association’s board member, Scott Farrell. Farrell is the general manager of Down in the Valley, a record store in Golden Valley.

They talked to MPR News host Nina Moini about their concerns over the new tariffs and how they hope lawmakers can support them in the future.