Business & Economy | WOSU Radio

Business & Economy

The state’s two U.S. Senators are teaming up to encourage federal contractors to put more effort into buying American-made products. 

The Trump administration is preparing a new list of $300 billion worth of Chinese imports that would be hit with tariffs of up to 25%, after China retaliated Monday in the trade war between the world's two largest economies.

More than two years after Amazon announced it would build an Air Hub at the Cincinnati Northern Kentucky International Airport, the online giant broke ground Tuesday on the $1.5 billion project. Amazon CEO Jeff Bezos made a surprise appearance.

The Ohio Rural Economy And Job Growth

May 14, 2019
The Ohio State University

The rate of job growth in two rural Ohio counties - Wyandot and Holmes - topped that of Columbus between 2010 and 2018, according to an Ohio State economic study.

That contrasts with the more typical slower rate of grown in rural regions of Ohio and across the country.

Today on All Sides, what makes a thriving rural economy?

Updated at 4:19 p.m. ET

China is imposing new retaliatory tariffs on $60 billion worth of U.S. goods, days after the Trump administration said it would impose higher tariffs on $200 billion in Chinese goods. The latest tit-for-tat exchange comes as trade talks have failed to yield a deal.

U.S. stock prices plunged on the news. The Dow Jones Industrial Average closed down 617 points Monday, or 2.4%, and the Nasdaq composite fell 3.4%.

skeeze / Pixabay

Despite the U.S., Mexico, and Canada signing a deal to replace the North American Free Trade Agreement, tariffs and national politics have kept speedbumps in the way of closure. 

The prices of the things we buy, from floor lamps to canoes and bicycles, are slated to go up, literally overnight, as the Trump administration makes good on a promise to raise tariffs on $200 billion worth of imported Chinese products.

Members of United Auto Workers Local 1112 are more skeptical than optimistic after the announcement Wednesday that General Motors is in talks to sell its Lordstown plant to Cincinnati-based Workhorse Group, an upstart maker of electric trucks.

Many are shocked the company would rather sell the plant than assign a new GM vehicle to be built in Lordstown.

Downtown Mount Vernon
Columbus Neighborhoods / WOSU

Business groups are blasting the Ohio House version of the budget for a change it makes to a controversial tax deduction – the one that allows many small businesses to take the first $250,000 of their income tax-free.

Updated at 10:00 p.m. ET

In a significant escalation of rhetoric, senior Trump administration officials accused Beijing of reneging on commitments it had already made in its on-going trade dispute with China, and they said they plan to increase tariffs on $200 billion in Chinese imports from 10% to 25% starting on Friday.

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