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tariffs

Caught in the middle, this US oddity at the border is grappling with Trump’s trade war with Canada
Mar 24, 2025

Caught in the middle, this US oddity at the border is grappling with Trump’s trade war with Canada

POINT ROBERTS, Wash. (AP) — In the northwest corner of Washington state lies a quirky U.S. exclave so dependent on Canada’s goodwill that the strain of President Donald Trump‘s tariff war is inescapable — in the sole grocery store, at any of the three eateries, and for the many residents who never voted for him. […]

On Feb. 24, 2025, Gov. Glenn Youngkin unveiled Virginia Has Jobs, an initiative to “connect job seekers with opportunities in the commonwealth. Photo courtesy Office of the Governor
Mar 18, 2025

While Youngkin celebrates Virginia’s labor force gains, economists warn of future unemployment

Gov. Glenn Youngkin says he feels good about the state’s employment landscape. In an announcement Tuesday, the governor celebrated that Virginia added 7,100 more jobs in January 2025, according to data from the U.S. Bureau of Labor Statistics (BLS). “More Virginians are working than ever in the commonwealth as jobs and opportunity continue to expand […]

Winchester cabinet manufacturer closing Orange plant
Mar 18, 2025

Furniture manufacturer shuts down Canadian operations, moves production to N.Carolina

DELTA, British Columbia — Canadian ready-to-assemble furniture supplier Prepac has reportedly shut down its manufacturing operations in Delta, British Columbia, shifting all production to its facility in North Carolina instead. According to Unifor, the union that represents Prepac’s workers, tariffs are to blame. More than 170 workers will be laid off. “Our union has been […]

Trump probes lumber, timber imports for potential tariffs; names furniture as derivative product
Mar 14, 2025

Trump probes lumber, timber imports for potential tariffs; names furniture as derivative product

WASHINGTON – Does the U.S.’ reliance on imported lumber and timber constitute a threat to national security? That’s what the Trump Administration aims to find out through a new executive order. “The wood products industry – composed of timber, lumber, and their derivative products (such as paper products, furniture, and cabinetry) – is a critical manufacturing […]

Speyside Bourbon Cooperage in Smyth lays off 75 workers
Mar 13, 2025

Speyside Bourbon Cooperage in Smyth lays off 75 workers

Speyside Bourbon Cooperage in Atkins will lay off 75 employees at the end of April due to slowdowns in the bourbon industry, according to a Worker Adjustment and Retraining Notification (WARN) letter dated Feb. 28. Speyside plans to end second-shift production and third-shift maintenance at the Smyth County facility. Laid-off workers may be recalled “as […]

A pile of silver pipes
Feb 10, 2025

Trump’s steel, aluminum tariffs could impact Va. economy

President Donald Trump imposed 25% tariffs on steel and aluminum imports Monday. Now, the world waits to see what impact they will have. “If you look at the behavior of investors, investors are signaling again that they don’t believe these tariffs will be long-lived,” said Bob McNab, chair of Old Dominion University’s Department of Economics […]

Shipping containers are seen at the Atlantic Hub container terminal in Halifax on Monday, Feb. 3, 2025, one day ahead of imposed tariffs by U.S. President Donald Trump against Canada. (Darren Calabrese/The Canadian Press via AP)
Feb 3, 2025

US trade war could raise prices, economists say

Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau managed to separately negotiate a monthlong pause on Monday with U.S. President Donald J. Trump on a trade war that was scheduled to begin on midnight Tuesday. However, as of late Monday afternoon, the Trump administration was still prepared to impose a 10% tariff on […]

White House Press Secretary Karoline Leavitt speaks during a press briefing at the White House in Washington on January 31, 2025. Photo by Yuri Gripas/Abaca/Sipa USA(Sipa via AP Images)
Jan 31, 2025

Trump White House says tariffs will be enacted Feb. 1

The Trump administration says it will impose tariffs on Canada, Mexico and China beginning Saturday, Feb. 1. “The president will be implementing tomorrow 25% tariffs on Mexico, 25% tariffs on Canada and a 10% tariff on China for the illegal fentanyl that they have sourced and allowed to distribute into our country, which has killed […]

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Jan 30, 2025

White House decisions weigh heavily on Va., Hampton Roads economies, experts say

While federal workers ponder taking a buyout offer from President Donald Trump and a now-rescinded federal funding freeze memo caused confusion and worry over the status of major economic development projects in Virginia, economists at Old Dominion University say uncertainty in Washington, D.C., is the major factor affecting the state’s and Hampton Roads’ economic futures […]

Banking and finance experts optimistic but cautious regarding new administration’s impact 
Dec 31, 2024

Banking and finance experts optimistic but cautious regarding new administration’s impact 

The banking and finance industry could see gains under the incoming federal administration, those in the field say, with President-elect Donald Trump‘s proposed plans of a lower-interest-rate environment coupled with lighter regulatory oversight on the horizon.    They also note, however, that many proposals may never come to fruition or take some time before their impacts […]

MADE IN THE USA: What Trump presidency could mean for manufacturing 
Dec 31, 2024

MADE IN THE USA: What Trump presidency could mean for manufacturing 

When a new presidential administration is elected, the future becomes a guessing game.  In the four years following Donald Trump‘s ascendancy to the presidency on Jan. 20, businesses and consumers will be forced to adjust to new policies affecting supply chain and distribution channels, which could create opportunities and challenges for the U.S. economy.  For […]

Talking turkey: Va. is nation’s sixth largest producer
Nov 26, 2024

Talking turkey: Va. is nation’s sixth largest producer

As we prepare to sit down to a turkey dinner on Thanksgiving, let’s consider where those birds come from and where they’re going. Virginia raises 7.1% of all U.S. turkeys, or 15.5 million turkeys a year, according to a new study by Trace One using U.S. Department of Agriculture data. That’s 429 million pounds of […]

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