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Tariffs likely to hurt state economy

Kiplinger.com

ANN ARBOR, MI (MPRN)--   Michigan’s economy is expected to feel the pinch as the next round of tariffs between the U-S and China take effect next week.

The U.S. Chamber of Commerce estimates a billion dollars’ worth of Michigan exports are being targeted by China, primarily affecting the auto industry. But China may respond with tariffs on more Michigan products in response to new tariffs the Trump administration is imposing next week on about $200 billion worth  of Chinese exports.

China is expected to slap new tariffs on $60 billion worth of U.S. goods. The Chamber estimates that could threaten another $2.4 billion in Michigan exports.

Speaking at an economic forum in China this week, Governor Rick Snyder said the ongoing tariff war will likely be “painful” for Michigan.

Steve Carmody has been a reporter for Michigan Radio since 2005. Steve previously worked at public radio and television stations in Florida, Oklahoma and Kentucky, and also has extensive experience in commercial broadcasting. During his two and a half decades in broadcasting, Steve has won numerous awards, including accolades from the Associated Press and Radio and Television News Directors Association. Away from the broadcast booth, Steve is an avid reader and movie fanatic. Q&A