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 are going ahead, The Associated Press reported. A 10% tariff on Chinese goods has been in place since early February.
New tariffs on Canada and Mexico have companies in North Carolina bracing for potential impacts, especially builders and their suppliers.
Canada is North Carolina's top international trading partner. According to the EDPNC, through November there was $12.3 billion year-to-date in trade between North Carolina and Canada, a figure ...
Trump launched a trade war against America's three biggest trading partners, drawing retaliation from Mexico, Canada and China.
Aziaha James scored 19 points and No. 7 N.C. State jumped out to a big lead to beat No. 14 North Carolina 66-55 in the ACC Tournament semifinals on Saturday.