Detroit Chamber of Commerce Addresses Tariff Impacts on Local Economy

April 2, 2025 - 03:16

On Wednesday, President Trump is set to introduce new tariffs affecting several countries, including Canada, a move that could have significant repercussions for Michigan's economy. During the Detroit Regional Chamber's 11th State of the Region event, business leaders gathered to discuss the potential fallout from these trade policies. Many expressed deep concern over the implications of increased tariffs, particularly on industries reliant on cross-border trade.

The chamber highlighted that Michigan's economy is intricately linked to trade with Canada, emphasizing the potential for job losses and increased costs for consumers. Leaders called for a collaborative approach to mitigate the adverse effects of these tariffs, stressing the need for open dialogue between the government and the business community. As the state navigates these uncertain waters, the chamber aims to advocate for policies that support economic growth and stability in the region. The discussions underscored the importance of maintaining strong trade relationships to safeguard Michigan's economic future.