Business, Economy and Consumer Affairs

Indiana Farmers Feeling Impact Of Tariffs, Fear More

Apr 9, 2018
Steve Burns / WTIU

 

All of the talk about a possible trade war with China has a lot of Hoosiers worried – especially farmers.

China implemented tariffs this week on more than 120 goods from the United States, including pork products. Indiana is the fifth leading pork producer in the country, so farmers here will feel the impact.

A steel coil is rolled out and slit to various widths for different customers at Mill Steel. (FILE PHOTO: Annie Ropeik/IPB News)
Lauren Chapman

President Donald Trump’s 25 percent steel and 10 percent aluminum tariffs are designed to make U.S. workers more competitive in the international economy. That could have a big impact on a manufacturing-heavy state like Indiana.

(Photo courtesy of World Trade Center Indianapolis)
Lauren Chapman

  

Indianapolis has received final approval to  headquarter a local chapter of the World Trade Center organization. Following a year-long application and approval process, leaders hope it will expand Indiana’s position in the global market.

Gov. Eric Holcomb signs workforce bills with Indiana lawmakers and other state lawmakers and business leaders. (Samantha Horton/IPB News)
Lauren Chapman

Gov. Eric Holcomb signed both workforce development bills passed during the 2018 session into law Wednesday.

"It’s addressing the needs of yes the employers, but of our citizens," says Holcomb. "That’s the why we are doing this. We are addressing the needs of the people of the State of Indiana.”

(Brandon Smith/IPB News)
Lauren Chapman

Though workforce development was perhaps the highest-priority issue for Gov. Eric Holcomb in this year’s legislative session, some are not sold on the two key pieces of legislation passed by Wednesday night’s deadline.

Samantha Horton / IPB News

Attributing it to the tax changes made by congressional Republicans late last year, Walmart handed out bonuses to employees across the country Thursday.

Two bonuses were given out: one being a one-time cash bonus of up to $1,000 and the other a quarterly bonus based on the store's sales performance where the employee is located.

Walmart spokesperson Anne Hatfield says it’s a day for celebration for all employees.

Lauren Chapman / IPB News

Indiana tax collections surpassed expectations in February for the third consecutive month – and only the third time this fiscal year.

Total tax collections were about $30 million better than expected last month. The positive month was spurred by individual income tax collections more than 30 percent better than projected. Sales taxes came in essentially right on target.

Lauren Chapman / IPB News

State leaders have joined a network in hopes of solving a projected employment gap.

The Markle Foundation’s Skillful State Network links Indiana with 19 other states. The network shares best practices among participating states to write a playbook for how to successfully fill 21st Century jobs.

Gov. Eric Holcomb says the Hoosier State needs to recruit high quality talent to fill an anticipated 1 million open jobs by 2025.

Samantha Horton / IPB News

Gov. Eric Holcomb has been on a workforce development tour of Indiana. He stopped in Anderson at the Purdue Polytechnic Institute Monday.

During his visit, Holcomb placed the back bumper onto the model car in the automotive manufacturing simulator.

He says he hopes to take success stories from different regions to train more people to take the estimated 96,000 available jobs in Indiana.

Indiana’s unemployment rate went down in December, the second consecutive month it’s fallen.

The rate fell to 3.4 percent last month. That represents a drop of half of a percent since October.

Helping that drop in December: the private sector added 6,000 jobs, led by the manufacturing industry.

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