
NewsChannel 9 in Chattanooga had a story about how Canadian retaliation will affect local spirits production if President Trump’s threatened tariffs on Mexican and Canadian go through. CRER director and chief economist Howard Wall provided his views, which included:
“They might just have these things in place for four years. If it’s a short term thing, then it probably won’t affect employment too much. But you know, once it lasts a little while, then they’re just going to hire fewer people and produce less.”
He also provided a general assessment of the tariffs and the retaliation that would follow: “None of the our exporting firms are going to benefit from this, and our importing firms are harmed also, so it’s really not a particularly good effect for anybody.”