Oklahoma, North Carolina Brace for Tariff-Driven Economic Strain

Oklahoma's economy is facing uncertainty due to new tariffs on imports imposed by former President Donald Trump, with local businesses heavily reliant on exports and foreign investments. In 2023, the state exported $5.5 billion in goods, and over 50,000 jobs are tied to these exports, particularly with Canada and Mexico. Business owners express concerns that the tariffs could lead to increased costs, which may ultimately be passed on to consumers, affecting pricing and inflation. Similarly, small businesses in North Carolina are bracing for price hikes, with economists warning that the tariffs could cost households an additional $16 a month. In Baltimore, local bicycle manufacturers are already feeling the impact, noting that small businesses may struggle to maintain slim margins in the face of increased costs. The Saskatchewan Trucking Association also highlights the potential detrimental effects on the trucking industry from increased tariffs, which could lower freight volume and ultimately affect consumers in sectors like agriculture and automotive.