Will Ohio consumers get caught in the cross hairs of trade wars with Mexico, Canada and China? If so, the financial fallout could spell big trouble.

“Canada has been ripping us off for years on tariffs for lumber and for dairy products,” Trump said. “250%, nobody ever talks about that, 250% tariff. Which is taking advantage of our farmers, so that’s not gonna happen anymore. They’ll be met with the exact same tariff unless they drop it.”

Investors from other countries bought more than a million acres of farmland in the U.S. from 2022 to 2023. This foreign ownership of farmland is increasing in Ohio, where around 2,500 acres were snagged up by overseas investors in that same time period.

It has been confirmed that President Donald Trump will impose tariffs on the United States’ largest trading partners starting Tuesday, sparking fears about the impacts that could have for American consumers.

Some state lawmakers fear the tariffs will lead to higher prices for Ohio residents, while the CEO of Cleveland-Cliffs believes they will lead to higher production.

United States tariffs on Mexican and Canadian imports took effect on Tuesday. The levies, set at 25 percent by US President Donald Trump, have been followed by the doubling of duties on Chinese goods to 20 percent. Levies on Canadian energy are limited to 10 percent.

Among states most vulnerable to Trump’s tariffs, Ohio ranked No.21 with cumulative imports from all three countries totaling $79.7 billion. That accounts for 48.5% of the state’s imports. Here's how other states stacked up.

The intense, widespread lobbying aimed at Trump’s incoming Cabinet, lawmakers in Congress, state-level politicians and business leaders was an attempt to demonstrate that Ottawa was taking Trump at his word: that Canada could avoid tariffs if they could show a reduction in the flow of fentanyl and illegal migrants into the U.S. from Canada.