AGRICULTURE
Tariffs could make N.C. tobacco farmers collateral in trade war with China
Tobacco farmers are not the target of tariffs, but their crop may be affected by negotiations.
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Tobacco farmers are not the target of tariffs, but their crop may be affected by negotiations.
The owner of Nazo's Wrapway says he will buy 90% of his products from the U.S., up from about 50%, to keep prices stable.
Carrigan Farms is expecting large crowds in just a few weeks for this year's strawberry season.
A Charlotte area grocery store is encouraging people to buy local as tariffs threaten the price of imported goods.
Meanwhile, some leaders in the financial sector warned the U.S. and world may fall into recession this year because of the tariffs.
President Donald Trump on Wednesday announced expansive new import tariffs.
The Dreamville Festival will end this year, but a new concert series will replace it next spring.
The unemployment rate ticked up to 4.2%.
New tariffs include at least 10% tariff on all countries
None of the warning signs about a falling stock market or consumer sentiment turning morose has caused Trump to publicly second-guess his strategy.
The S&P 500 rose 1.8%, and the Dow Jones was up 619 points.
The Port of LA expects cargo volumes to decrease by at least 10% from July through the end of the year.
Consumer sentiment fell 11% from March to April.
Trump raised tariffs on Chinese imports this week to 145%.
Two Democratic senators have called for an investigation, saying "the sequence of events raises grave legal and ethics concerns."
Trump said tariff rates would return to higher levels if deals not reached in 90 days but did not rule out extension.
President Donald Trump’s trade war continues to threaten the economy.
Consumer prices rose just 2.4% in March from a year earlier, the Labor Department said Thursday, down from 2.8% in February.
China has thus far focused on Europe.
The increase reported Thursday in the Consumer Price Index means consumers and businesses that rely on eggs should not anticipate immediate relief.
Trump's pause means that most countries would be tariffed at 10%; the EU's rate was 20% previously.
The current cost is 73 cents.
