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Weatherhead's Jonathan Ernest comments on likely price increase in event of trade war

Media | February 12, 2025 | Story by: Editorial Staff

How potential tariffs would impact Ohio consumers
WKYC: Jonathan Ernest, assistant professor of economics at Weatherhead School of Management, said consumers would likely face some increase in prices in the event of a trade war. “But it’s not quite as simple as, well there’s a 25% tariff so it gets exactly 25% more expensive,” he said.