Author: Bedassa Tadesse, Professor of Economics, University of Minnesota Duluth

Trump’s ‘Liberation Day’ tariffs are the highest in decades − an economist explains how that could hurt the US

Bedassa Tadesse, Professor of Economics, University of Minnesota DuluthLeave a Comment on Trump’s ‘Liberation Day’ tariffs are the highest in decades − an economist explains how that could hurt the US

President Donald Trump unveiled a sweeping new tariff plan on April 2, 2025, to reshape U.S. trade and boost domestic industry. Framing the announcement as “Liberation Day,” he proposed a 10% tariff on essentially all imports, with steeper rates for major trade partners, including 34% on Chinese goods and 20% on those from the European […]

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How Trump’s tariffs could mean rising costs for families, strain for states

Bedassa Tadesse, Professor of Economics, University of Minnesota DuluthLeave a Comment on How Trump’s tariffs could mean rising costs for families, strain for states

Get ready to pay more for avocados, maple syrup and – well – almost everything. The U.S. officially imposed new 25% tariffs on Canada and Mexico on March 4, 2025, following through on a long-delayed pledge from President Donald Trump. American consumers and businesses are now bracing for higher costs and potential supply disruptions. Although […]

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As allies prepare to strike back, a costly trade war looms

Bedassa Tadesse, Professor of Economics, University of Minnesota DuluthLeave a Comment on As allies prepare to strike back, a costly trade war looms

On Saturday, Feb. 1, 2025, U.S. President Donald Trump announced a plan to slap steep tariffs on imports from key American trading partners – 25% on goods from Mexico and Canada and 10% on imports from China. His stated reason? To curb illegal immigration and drug trafficking. Both Mexico and Canada managed to buy some […]

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