{"id":372,"date":"2025-02-22T16:15:38","date_gmt":"2025-02-22T16:15:38","guid":{"rendered":"https:\/\/blogarchive.utc.edu\/crer\/?p=372"},"modified":"2025-02-22T16:15:39","modified_gmt":"2025-02-22T16:15:39","slug":"2-22-2025-chattanooga-companies-brace-for-trumps-tariff-plan-economist-says-costs-will-increase","status":"publish","type":"post","link":"https:\/\/blogarchive.utc.edu\/crer\/2025\/02\/22\/2-22-2025-chattanooga-companies-brace-for-trumps-tariff-plan-economist-says-costs-will-increase\/","title":{"rendered":"2\/22\/2025: Chattanooga Companies Brace for Trump\u2019s Tariff Plan; Economist Says Costs Will Increase"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"652\" height=\"525\" src=\"https:\/\/blogarchive.utc.edu\/crer\/files\/2025\/02\/2018-03-26-DI-Chart-1.png\" alt=\"\" class=\"wp-image-373\" style=\"width:393px;height:auto\" srcset=\"https:\/\/blogarchive.utc.edu\/crer\/files\/2025\/02\/2018-03-26-DI-Chart-1.png 652w, https:\/\/blogarchive.utc.edu\/crer\/files\/2025\/02\/2018-03-26-DI-Chart-1-580x467.png 580w, https:\/\/blogarchive.utc.edu\/crer\/files\/2025\/02\/2018-03-26-DI-Chart-1-610x491.png 610w\" sizes=\"auto, (max-width: 652px) 100vw, 652px\" \/><\/figure><\/div>\n\n\n<p>This <a href=\"https:\/\/www.timesfreepress.com\/news\/2025\/feb\/21\/chattanooga-companies-brace-for-trumps-tariff\/#\/questions\">Chattanooga Times Free Press article<\/a> describes the different ways that President Trump&#8217;s proposed tariffs will harm local businesses and consumers. The article includes comments from <a href=\"https:\/\/www.utc.edu\/gary-w-rollins-college-of-business\/crer\/people#HowardJWallDirectorandChiefEconomist\">CRER director and chief economist Howard Wall<\/a> about how costs will be higher for both consumers and producers. <\/p>\n\n\n\n<p> <em>&#8220;Tariffs are almost entirely passed on to the American purchasers, whether they&#8217;re consumers or companies,&#8221; Howard Wall, director of the\u00a0<a href=\"https:\/\/www.timesfreepress.com\/news\/2024\/jun\/08\/utc-establishes-regional-economic-research-center\/\" target=\"_blank\" rel=\"noreferrer noopener\">Center for Regional Economic Research<\/a>\u00a0at the University of Tennessee at Chattanooga, said in a phone interview. &#8220;Consumers will pay higher prices for sure, and most firms will also see their cost of making things be higher.&#8221;<\/em><\/p>\n\n\n\n<p><em>If Trump follows through with his proposed tariffs on Mexico and Canada, manufacturers will see costs rise, Wall said. The entire automobile sector is multinational, and the price of cars could increase by $3,000, he said.<\/em><\/p>\n\n\n\n<p><a href=\"https:\/\/www.timesfreepress.com\/news\/2025\/feb\/21\/chattanooga-companies-brace-for-trumps-tariff\/#\/questions\">Read the whole article here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This Chattanooga Times Free Press article describes the different ways that President Trump&#8217;s proposed tariffs will harm local businesses and consumers. The article includes comments from CRER director and chief economist Howard Wall about how costs will be higher for both consumers and producers. &#8220;Tariffs are almost entirely passed on to the American purchasers, whether&hellip; <\/p>\n<p class=\"more-link-wrap\"><span><a class=\"more-link button text\" href=\"https:\/\/blogarchive.utc.edu\/crer\/2025\/02\/22\/2-22-2025-chattanooga-companies-brace-for-trumps-tariff-plan-economist-says-costs-will-increase\/\"><span>Continue Reading <\/span><\/a><\/span><\/p>\n","protected":false},"author":2009,"featured_media":373,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-372","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-media","8":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2\/22\/2025: Chattanooga Companies Brace for Trump\u2019s Tariff Plan; Economist Says Costs Will Increase - Center for Regional Economic Research Archive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogarchive.utc.edu\/crer\/2025\/02\/22\/2-22-2025-chattanooga-companies-brace-for-trumps-tariff-plan-economist-says-costs-will-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2\/22\/2025: Chattanooga Companies Brace for Trump\u2019s Tariff Plan; Economist Says Costs Will Increase - Center for Regional Economic Research Archive\" \/>\n<meta property=\"og:description\" content=\"This Chattanooga Times Free Press article describes the different ways that President Trump&#8217;s proposed tariffs will harm local businesses and consumers. The article includes comments from CRER director and chief economist Howard Wall about how costs will be higher for both consumers and producers. &#8220;Tariffs are almost entirely passed on to the American purchasers, whether&hellip; Continue Reading\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogarchive.utc.edu\/crer\/2025\/02\/22\/2-22-2025-chattanooga-companies-brace-for-trumps-tariff-plan-economist-says-costs-will-increase\/\" \/>\n<meta property=\"og:site_name\" content=\"Center for Regional Economic Research Archive\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-22T16:15:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-22T16:15:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blogarchive.utc.edu\/crer\/files\/2025\/02\/2018-03-26-DI-Chart-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"652\" \/>\n\t<meta property=\"og:image:height\" content=\"525\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Howard Wall\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Howard Wall\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogarchive.utc.edu\/crer\/2025\/02\/22\/2-22-2025-chattanooga-companies-brace-for-trumps-tariff-plan-economist-says-costs-will-increase\/\",\"url\":\"https:\/\/blogarchive.utc.edu\/crer\/2025\/02\/22\/2-22-2025-chattanooga-companies-brace-for-trumps-tariff-plan-economist-says-costs-will-increase\/\",\"name\":\"2\/22\/2025: Chattanooga Companies Brace for Trump\u2019s Tariff Plan; 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