President Trump imposing tariffs on Canada could result in higher lumber and gas prices for North Carolina residents, Walden said. “We buy a heck of a lot of oil from Canada. It’s called heavy oil, and our refineries are geared to deal with that heavy oil,” Walden said. “That’s not something you can switch on and off easily.”
Many types of furniture, also on Canada’s tariffs list, are produced in North Carolina, which is home to the world’s largest furniture trade show. Ashley Furniture has a manufacturing and distribution facility in Advance in Davie County, and Kincaid Furniture was founded in North Carolina in 1946.
On Monday, March 3, Trump confirmed that the 25% tariffs on Mexico and most goods from Canada, along with an additional 10% tariff on Chinese products would be implemented just after midnight, The Associated Press reported. A 10% tariff on Chinese goods has been in place since early February.
RALEIGH, N.C. (WTVD) -- During a news conference at the White House on Monday, President Donald Trump announced that tariffs on products from Canada, Mexico, and China are set to go into effect at midnight.
New tariffs on Canada and Mexico have companies in North Carolina bracing for potential impacts, especially builders and their suppliers.
Trump launched a trade war against America's three biggest trading partners, drawing retaliation from Mexico, Canada and China.