USMCA

Becca Schimmel

The Ohio Valley’s economy could see slower growth in 2020 amid continued anxiety about trade, and possible downturns in both energy and manufacturing, according to analyses and forecasts by regional economists.

Michael Hicks directs the Center for Business and Economic Research at Ball State University in Indiana where he forecasts the health of the manufacturing sector. Hicks expects manufacturing to slow down, and he blames the tariffs levied under President Donald Trump’s administration. Hicks said the costs imposed by the trade war are playing out in markets across the region and he predicts the Ohio Valley’s economic growth to slow dramatically in 2020.


American Distillers Welcome End of Tariffs in Canada, Mexico

May 20, 2019
Kevin Willis

American whiskey producers feeling the pain from the Trump administration's trade disputes have gotten a shot of relief with an agreement that will end retaliatory tariffs that Canada and Mexico slapped on whiskey and other U.S. products.

The whiskey industry hailed the arrangement to ease trade tensions among the North American allies and said it hopes it's the first of several rounds of good news on the trade front. Distillers have suffered shrinking exports since the last half of 2018 due to tariffs in some key markets.

Flickr/Creative Commons

The Ohio Valley auto industry is still awaiting a decision on whether or not they’ll face tariffs. The Trump administration was scheduled to make a decision this month, but punted for another six months.

Executive Director of the Kentucky Automotive Industry Association Dave Tatman said this adds to the uncertainty his industry faces.

“But we have three huge destabilizers for the economy in which we work. The tariff trade war going on with China, the whole potential of national security threat and however that plays itself out and there’s some new information on that, and then the USMCA agreement,” he said.