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Business expert: Michigan at risk as Trump imposes new tariffs

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The video from MSN Money discusses the potential economic impact on Michigan due to new tariffs imposed by former President Donald Trump. According to business expert Michael Stumo, these tariffs, particularly on steel and aluminum, could lead to increased costs for manufacturers in Michigan, a state heavily reliant on the automotive and manufacturing industries. The tariffs aim to protect domestic industries but might result in retaliatory measures from other countries, potentially affecting Michigan's export markets. Stumo highlights the delicate balance between protecting local jobs and the risk of sparking a trade war, which could have broader implications for the state's economy.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/business-expert-michigan-at-risk-as-trump-imposes-new-tariffs/vi-AA1AgFFH ]