Patricia Lopez, Columnist

Shoppers Will Bear the Brunt of Trump's Tariffs

Under his plan, everything from the sweater you buy at Walmart to the winter produce at your local grocer would likely cost more.

October 29, 2024 at 1:15 PM UTC

By Patricia Lopez

Patricia Lopez is a Bloomberg Opinion columnist covering politics and policy. She is a former member of the editorial board at the Minneapolis Star Tribune, where she also worked as a senior political editor and reporter.

Don’t believe the hype.
Photographer: Win McNamee/Getty Images North America

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Donald Trump may consider tariff “the most beautiful word in the dictionary,” but voters might want to consider the impact his proposed tax increase on imports would have on their wallets and states’ economies.

Minnesota imported $42 billion of goods in 2023. Among its top trading partners are two of Trump’s favorite enemy targets — China and Mexico. The state is home to some of the world’s top food processing companies and depends on trade to market everything from snack foods to frozen entrees.