Capitol News

Governor Gretchen Whitmer has ordered a review of the impact of recent federal tariffs, revealing that these measures are contributing to higher prices for everyday goods and putting manufacturing jobs in Michigan at risk. According to the report, food prices are projected to rise by nearly 4% within a year, which could cost working families hundreds of dollars annually and make it more difficult to afford essentials during holidays such as Thanksgiving.

The report highlights significant declines in agricultural exports from Michigan. Wheat exports have dropped by 89%, fresh cherry exports by 62%, and fresh apple exports by 58%. The study also points out that increased material costs due to tariffs are threatening jobs in construction and manufacturing sectors.

A multi-agency report released by the state of Michigan indicates that federal tariffs and retaliatory trade actions are increasing costs for families, homebuyers, and workers across the state. The agriculture sector has experienced sharp decreases in key export products, including wheat, cherries, apples, and soybeans.

Rising consumer food costs are noted in the report, with an estimated 3.6% increase this year attributed to tariffs. Households in the lowest income brackets may see up to a 5% reduction in disposable income as a result.

"Michigan families and businesses are all facing rising prices and constant uncertainty because of our chaotic national tariff strategy," Governor Whitmer said in a press release.

The report also warns that higher food prices and increasing housing costs could put additional pressure on household budgets, especially for lower-income families. Delays or increased expenses for public projects may further slow job creation and economic growth.

For further details on the consequences of these tariffs, see coverage from Michigan Advance.