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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
WKYCJonathan 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.