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As tariffs set to go into effect, North Carolina could feel impact

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As tariffs set to go into effect, North Carolina could feel impact


RALEIGH, N.C. (WTVD) — During a news conference at the White House on Monday, President Donald Trump announced that tariffs on products from Canada, Mexico, and China are set to go into effect at midnight.

There will be 25% tariffs on products from Canada and Mexico, and an additional 10% tariff on goods from China; this brings the total tariff on imports from China to 20%. Trump has previously cited illegal immigration and flow of fentanyl as reasons behind the implementation of tariffs, instituting a 30-day pause with Canada and Mexico last month as negotiations on those issues continued. Trump has also routinely mentioned trade deficits, as he highlighted efforts to encourage companies to build factories domestically.

“It’s going to be very costly for people to take advantage of this country. They can’t come in and steal our money and steal our jobs and take our factories and take our businesses,” said Trump.

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“If you look at the listing of deficits with each of these countries, we import significantly more than these countries are buying from the United States. And he wants to balance that out. They’re aware they have a lot of imports. He wants most of that to come out of the United States, and that’s what he’s trying to do,” said Thomas Cook, the CEO and Managing Director of the management consulting firm Blue Tiger International, as he assessed the President’s strategy.

As part of Trump’s remarks, he singled out North Carolina.

“I used to go there to buy furniture for hotels, and it’s been wiped out. That business now all went to other countries. Now it’s all going to come back into North Carolina,” said Trump.

Stocks fell sharply following the announcement, which came after the Dow, NASDAQ, and S&P 500 all dropped in February.

Friday, the Personal Consumption Expenditures Price Index, a key indicator used by the Federal Reserve, showed inflation cooled slightly in January, though concerns of economic strain were apparent.

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“I think that costs are going to go up. You have companies now that are already starting to change their pricing structure,” said Cook.

“These measures will ultimately have an inflationary effect that will be felt very broadly,” said Gaphel Kongtsa, who is the Director of International Policy with the Canadian Chamber of Commerce.

Last month, Cook spoke with a group of North Carolina business leaders about how to navigate tariffs.

“There could be as much as 20 solutions that’s available to companies that import and export to mitigate the impact of tariffs,” Cook said..

“Many larger businesses I think are taking steps to protect their interests and mitigate risks against tariffs. One way of doing that is stockpiling and finding alternative markets but that sort of avenue is not available to all businesses. Smaller businesses, unfortunately, don’t always have the resources and the capacity to shift and maneuver their operations on such short notice,” said Kongtsa.

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Canada is North Carolina’s top international trading partner. According to the EDPNC, through November there was $12.3 billion year-to-date in trade between North Carolina and Canada, a figure which surpassed 2023 figures.

One industry that is particularly vulnerable to tariffs: agriculture.

“Canada is the world’s largest exporter of potash and potash, of course, is a key ingredient in fertilizers. The United States sources nearly 80% of its fertilizers from Canada, and that includes farmers in North Carolina,” said Kongtsa.

According to a 2024 report from NC State University economist Dr. Mike Walden, the agriculture industry in North Carolina had a $111.1 billion economic impact in the state.

In a statement Monday, Canadian Prime Minister Justin Trudeau said “fentanyl seizures from Canada dropped 97 percent between December 2024 and January 2025” adding “there is no justification for these actions.”

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In response to the tariffs placed by the United States, Trudeau wrote in part:

“Canada will not let this unjustified decision go unanswered. Should American tariffs come into effect tonight, Canada will effective 12:01 a.m. EST tomorrow, respond with 25 per cent tariffs against $155 billion of American goods – starting with tariffs on $30 billion worth of goods immediately, and tariffs on the remaining $125 billion on American products in 21 days’ time. Our tariffs will remain in place until the U.S. trade action is withdrawn, and should U.S. tariffs not cease, we are in active and ongoing discussions with provinces and territories to pursue several non-tariff measures. While we urge the U.S. administration to reconsider their tariffs, Canada remains firm in standing up for our economy, our jobs, our workers, and for a fair deal.”

It’s worth noting that Canada is North Carolina’s largest export market with over $7.7 billion of exports from North Carolina going into Canada each year. These range from pharmaceuticals to auto parts to to engines to plastics. It’s really a very wide range of goods being sold to Canada,” said Kongtsa.

He said Canadian businesses are aware of the importance of the US market, adding the effect of tariffs will be felt by consumers and companies on both sides of the borders.

“These measures will ultimately have an inflationary effect that will be felt very broadly,” Kongtsa said.

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The EDPNC reports Mexico is North Carolina’s second-largest import market and third-largest export market, and Chinese companies employ more people in North Carolina than any other state.

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2 Candidates Emerge in NC State’s Coaching Search

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2 Candidates Emerge in NC State’s Coaching Search


RALEIGH — NC State replaced Kevin Keatts with Will Wade in March 2025, introducing him 368 days ago in front of the Wolfpack community at Reynolds Coliseum. A little over a year later, Wade decided to leave his new program to return to LSU, the school that fired him for cause in 2022, beginning a long journey back to Power Four basketball.

Now, athletic director Boo Corrigan and the rest of the NC State administration must find a new leader for the men’s basketball program. To make matters more complicated, they won’t have a lot of time to do so, as the new head coach needs to be in place firmly before April 7, the day the transfer portal opens. However, early noise indicates the group in charge has eyes on two candidates.


Who are the candidates?

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Mar 29, 2024; Dallas, TX, USA; North Carolina State Wolfpack athletic director Boo Corrigan before the semifinals of the South Regional of the 2024 NCAA Tournament against the Marquette Golden Eagles at American Airlines Center. Mandatory Credit: Kevin Jairaj-Imagn Images | Kevin Jairaj-Imagn Images

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According to multiple reports, Corrigan and other power brokers at NC State zeroed in on Saint Louis head coach Josh Schertz and Tennessee associate head coach Justin Gainey as the primary two candidates for the opening. Both names were expected to be in the mix as soon as the Wade exit became more and more likely, although Corrigan shared no specific names during his Thursday press conference.

The NC State University Board of Trustees hosted an emergency meeting on Friday, with the primary subject being Wade’s buyout negotiation. Of course, speculation began quickly that there were discussions about the next coach of the Wolfpack, but that’s been confirmed not to be the case in the behind-closed-doors meeting for the board.

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Even so, it seems as though NC State plans on making a strong push for Schertz first, despite his status as head coach at Saint Louis still and his recent agreement to a contract extension. That certainly makes things more complicated, but hiring Schertz would allow NC State to maintain any sort of positive momentum established by Wade and his regime in Raleigh. Still, Corrigan isn’t totally committed to a sitting head coach.

“I don’t think it has to be a sitting head coach at this point,” Corrigan said. “I think we want to find someone that knows how to coach and is a great coach, and has the ability to connect with people, both internal and external, with the players, be able to recruit. You have to be a good recruiter in this day and age.”

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Nov 12, 2022; Raleigh, North Carolina, USA; North Carolina State Wolfpack Athletic Director Boo Corrigan looks on during the second half against the Boston College Eagles at Carter-Finley Stadium. The Eagles won 21-20. Mandatory Credit: Rob Kinnan-Imagn Images | Rob Kinnan-Imagn Images

NC State will move as quickly as it possibly can, with Gainey and Schertz atop the list. That doesn’t rule out other options entirely, but all signs point to one of them being the most likely to be the next coach of the Wolfpack, ending the Will Wade era as quickly as it started.

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NC offshore wind project canceled as $1B deal shifts investment to fossil fuels

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NC offshore wind project canceled as B deal shifts investment to fossil fuels


A planned offshore wind project off North Carolina’s coast that could have powered roughly 300,000 homes has been scrapped after the federal government agreed to spend nearly $1 billion to halt its development, a decision that is drawing sharp reactions and raising questions about future energy costs in the state.

Under the agreement, the French energy company TotalEnergies will be reimbursed for leases it purchased in federal waters near Bald Head Island. In exchange, the company will redirect that investment into oil and natural gas projects, including liquefied natural gas (LNG) production.

The move comes as electricity demand in North Carolina and across the Southeast is rising, driven by population growth and the rapid expansion of energy-intensive data centers.

Energy analysts say removing a major potential source of power from the pipeline could have lasting implications.

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“I think folks are trying to figure out how to reconcile this with the fact that we do need more electrons on the grid,” said Katharine Kollins, president of the Southeastern Wind Coalition. “Every state right now is looking at how we can develop more energy, not how we should be taking options off the table.”

The canceled project, known as Carolina Long Bay, was one of two offshore wind developments TotalEnergies had planned along the East Coast. The North Carolina portion alone would have generated about 1,300 megawatts of electricity and brought significant economic development to the region.

State leaders were quick to criticize the decision. In a post on X, Gov. Josh Stein said the Trump administration is “spending nearly $1 billion in taxpayer money to pay off a company to stop investments in the clean energy we need,” calling it “a terrible deal for the people of North Carolina and our country.”

The Interior Department, which negotiated the agreement, defended the move, saying offshore wind projects are too costly and unreliable to meet the nation’s energy needs. In a statement, officials said redirecting investment toward natural gas would provide “affordable, reliable and secure energy” while strengthening grid stability.

The debate reflects a broader divide over how to meet growing electricity demand while keeping costs down.

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Offshore wind projects typically require high upfront investment but have no fuel costs once operational. Fossil fuel plants rely on fuel that can fluctuate in price.

“Using a billion dollars of taxpayer money to remove an option for North Carolina and then require that company to invest in LNG just doesn’t feel right,” Kollins said.

She and other advocates argue that offshore wind could help stabilize energy prices over time by diversifying the state’s power mix, particularly during periods of high demand or fuel volatility.

The federal government and industry leaders backing the deal say natural gas offers a more dependable source of power, especially as the grid faces increasing strain.

Part of that shift now points to LNG, which is traded on a global market. That means prices can rise or fall based on international demand, geopolitical tensions and export levels — dynamics that do not affect wind energy.

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The cancellation also highlights uncertainty around offshore wind development in North Carolina. Duke Energy, the state’s largest utility, holds a neighboring lease in the same area but paused development last year as it reevaluated costs and policy conditions.

As state regulators and utilities map out how to meet future demand, the loss of Carolina Long Bay narrows the range of options.

For residents, the stakes may ultimately show up in monthly bills.

“When we limit our choices,” Kollins said, “we limit our ability to control costs.”

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What North Carolina Wants to See Happen in the Sweet 16

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What North Carolina Wants to See Happen in the Sweet 16


The North Carolina Tar Heels were a first-round exit in this year’s NCAA Tournament, but that does not mean that what transpires the rest of the way does not matter for the program.

It has been less than a week since the Tar Heels blew a 19-point lead in the second half against the VCU Rams, en route to an 82-78 loss in overtime. The result has raised doubts about Hubert Davis’ future as North Carolina’s head coach.

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Mar 19, 2026; Greenville, SC, USA; North Carolina Tar Heels center Henri Veesaar (13) bites his jersey against the VCU Rams in the second half of a first round game of the men’s 2026 NCAA Tournament at Bon Secours Wellness Arena. Mandatory Credit: Bob Donnan-Imagn Images | Bob Donnan-Imagn Images

With all of that being said, here are a couple of things the Tar Heels should be wishing to happen later this week in the Sweet 16.

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Duke Falls Short

Duke Blue Devils head coach Jon Scheyer talks to a referee March 21, 2026 during the second half of the NCAA Men’s Basketball Tournament second round East Region game with TCU at the Bon Secours Wellness Arena in Greenville, South Carolina. | Ken Ruinard / USA Today Network South Carolina / USA TODAY NETWORK via Imagn Images

The North Carolina-Duke rivalry is arguably the best one in all of sports. It was a tantalizing matchup the first time these two squared off this year, with Caleb Wilson and Cameron Boozer going head-to-head, as both players are expected to be selected in the top five of the 2026 NBA Draft.

However, the discrepancy between the two teams was apparent, even though the Tar Heels split the season series. The Blue Devils entered the NCAA Tournameent as the No. 1-overall seed in the entire field, while the Tar Heels limped into the field as a six-seed.

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Feb 7, 2026; Chapel Hill, North Carolina, USA; North Carolina Tar Heels forward Caleb Wilson (8) with the ball as Duke Blue Devils forward Cameron Boozer (12) defends in the first half at Dean E. Smith Center. Mandatory Credit: Bob Donnan-Imagn Images | Bob Donnan-Imagn Images

While North Carolina would obviously prefer playing in the upcoming round, which starts on Thursday night, nothing would make Tar Heels fans happier than to see Duke fall to St. John’s in the Sweet 16.

The Blue Devils have been playing with fire in the first two rounds, at various points, but they ultimately advanced to the second weekend of the tournament. St. John’s is a formidable opponent that could legitimately take down Duke.

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Mar 21, 2026; Buffalo, NY, USA; Michigan Wolverines head coach Dusty May reacts in the second half against the Saint Louis Billikens during a second round game of the men’s 2026 NCAA Tournament at Keybank Center. Mandatory Credit: Mark Konezny-Imagn Images | Mark Konezny-Imagn Images

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One of the Teams With a Legitimate Head Coaching Option To Lose

Mar 22, 2026; St. Louis, MO, USA; Iowa State Cyclones head coach T.J. Otzelberger reacts to a call during the second half against the Kentucky Wildcats during a second round game of the men’s 2026 NCAA Tournament at Enterprise Center. Mandatory Credit: Jeff Curry-Imagn Images | Jeff Curry-Imagn Images

It has been well-documented that North Carolina is likely to be in the coaching market, as Davis appears to be on his way out in Chapel Hill. If this occurs, the Tar Heels need to make a substantial hire that will elevate the program back to competing for national championships.

There will be a slew of options for North Carolina to consider, but two names to keep an eye on are Iowa State’s T.J. Otzelberger and Alabama’s Nate Oats. You may be asking yourself, ‘Why should North Carolina be rooting for potential head coach candidates to lose?’

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Dec 12, 2024; Chapel Hill, NC, USA; North Carolina athletic director Bubba Cunningham at Loudermilk Center for Excellence. Mandatory Credit: Jim Dedmon-Imagn Images | Jim Dedmon-Imagn Images

Here’s why: the transfer portal opens on April 7, and ideally, North Carolina would want its presumed new head coach in place well before then. Those coaches will not be the only two to watch for, but they are arguably the most ideal.



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