Canada’s tariffs could raise prices for some Minnesota consumers

Canada announced tariffs of up to 50% on $27.6 billion in U.S. imports after new U.S. tariffs on Canadian goods. The measures cover products including steel, appliances and dairy goods.

An economics professor said broad effects on Minnesota’s economy are unlikely, but prices could rise for some imported products. He said reduced demand could temper any increases.

The dispute could have a larger effect if Canada targets petroleum exports, since Minnesota receives much of its crude oil from Canada. The professor said the conflict could become prolonged.

Read the full story at cbsnews.com.