TARIFFS

North Dakota farmers, ag businesses brace for tariff blowback

Corn Harvest: A farmer harvests corn near Mapleton, ND at the end of the 2024 growing season. Photo Sabrina Halvorson.BISMARCK, N.D. (North Dakota News Cooperative) — For farmers across North Dakota, alarm bells are ringing and could get louder following tariffs imposed on Canada and the potential for increased tariffs on China in the coming weeks. On July 31, the…

Trump says he’s not planning to extend a pause on global tariffs beyond July 9

Trump also said a group of wealthy investors will make an offer to buy TikTok

FILE – President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House, on April 2, 2025, in Washington. (AP Photo/Mark Schiefelbein, File)WASHINGTON (AP) — President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire,…

Nationwide “No Kings’ Protest Starts Tomorrow And Local Organizers Are Prepared

FARGO, N.D. (KVRR) — On Saturday, over 1,500 ‘No Kings’ protests are scheduled all across the nation. In North Dakota, ten of those protests will be taking place across the state. “Every single time we do one of our events, somebody shows up who says, I’ve never done anything like this before, but I’m scared. I’m worried, I’m afraid of…

North Dakota Legacy Fund takes big hit amid stock market volatility

BISMARCK, N.D. (North Dakota Monitor) — North Dakota’s Legacy Fund lost about $1 billion in value last week as the stock market plunged, but the investments are managed to weather volatility, according to testimony from a legislative hearing this week. Jodi Smith, interim executive director of the Retirement and Investment Office, commented on the impact of the stock market fluctuations…

Trump Pauses Tariffs on Most Nations for 90 days, Raises Taxes on Chinese Imports

WASHINGTON (AP) — Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%. Treasury Secretary Scott Bessent told reporters that Trump was pausing his so-called ‘reciprocal’ tariffs on most of the country’s biggest trading partners, but maintaining his 10% tariff…

Housing industry worried about tariffs, next several months will be critical

FARGO (KVRR-KFGO) – The housing industry is worried about the tariffs imposed by President Trump. “I think there’s concern because we don’t know,” said Bill Rothman, past president of the Building Industry Association of the Red River Valley, formerly known as the Homebuilders Association of Fargo-Moorhead. “When you don’t know, there’s always uncertainty.” Rothman expects major goods like lumber, plastics,…

Minneapolis Federal Reserve Bank President States The Future of The Economy Is Uncertain

DETROIT LAKES, Minn. (KVRR) — The uncertainty of the future of the economy has many concerned on the impacts of what might be next for many businesses and people in the country. “The biggest concern is uncertainty about tariffs. We obviously export a lot to countries all around the world that would be affected if there are tariffs and other…

Trump Halts Doubling of Tariffs on Canadian Metals after Ontario Suspends Electricity Price Hikes

WASHINGTON (AP) — President Donald Trump ‘s threat Tuesday to double his planned tariffs on steel and aluminum from 25% to 50% for Canada led the provincial government of Ontario to suspend its planned surcharges on electricity sold to the United States. As a result, White House trade adviser Peter Navarro said the U.S. president pulled back on his doubling of steel and aluminum…

North Dakota Farmers Union Vice President weighs in on tariffs & potential economic loss

FARGO, N.D. (KVRR) — Farmers are bracing for heavy impacts from those tariffs. Canada, Mexico, and China are three of the largest buyers of American crops, and the tariffs Trump has placed on imports from those countries have caused them to respond with retaliatory levies. Experts say this will likely cause farmers to lose money on all their major crops….