Economist explains Michigan auto and agriculture industries will be impacted by a trade war
President Donald Trump isn't budging on his international tariff stance so far despite remarkably public pleadings from House Speaker Paul Ryan and other Republican allies to back off his threat and avoid a possible trade war.
Trump says, "We're not backing down." But he's holding open the possibility of exempting longstanding friends Canada and Mexico if they agree to better terms for the U.S. in revising the North American Free Trade Agreement.
WGVU talks with Dr. Paul Isely, Associate Dean for Undergraduate Programs in the Seidman College of Business at Grand Valley State University, about steel and aluminum tariffs and the potential for a trade war and what its impact could have on Michigan consumers and industry.