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Ketchum-based Wild Rye says $300,000 in tariffs are threatening its business, bringing its fight over Trump's trade war all the way to the Supreme Court.
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"I can’t believe we’re a part of it … our tiny little ten person Idaho brand was represented at the Supreme Court.”
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“We’re not investing in new hires. We’re not investing in growth. Every tariff increase means the risk of losing my home."
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"At first, companies were willing to eat the cost of tariffs; they just can't any longer."
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The president announced a 100% tariff on computer chips from the Oval Office just hours after the U.S. Secretary of Labor visited Micron’s Idaho Campus.
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It's Friday and time for our Reporter Roundtable when Idaho Matters catches you up on the past week's headlines, including cuts to funding for public media and sheep headed to the Payette National Forest.
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Idaho exports more than $4 billion worth of goods and services annually. Of all its exporters, 85% are small or medium businesses. Those businesses are among the hardest hit by Trump Administration tariffs.
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With more than $4 billion in exports every year, Idaho's economy is driven by agriculture, manufactured goods and small businesses. However, global trade challenges are now threatening this infrastructure.
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President Trump announced that the U.S. will raise tariffs on imports from more than 150 countries, which could impact the prices of everyday items.
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Across the country, many small businesses are facing an uncertain future as they navigate rising tariffs. Among those is Grove Fruit Growers, an Idaho company that grows mangos in Cambodia.