In Thief River Falls, Minnesota, DigiKey, a major tech company, is grappling with the complexities of tariffs. Teri Ivaniszyn, who handles trade compliance for DigiKey, often wakes up in the middle of the night worrying about tariffs. Since 2018, DigiKey has spent approximately half a billion dollars on tariffs due to President Trump’s policies. These tariffs have significantly impacted the company, which sources about a quarter of its products from China. The uncertainty surrounding tariffs has led to increased costs and operational challenges. DigiKey has implemented strategies such as creating a foreign trade zone to mitigate tariff impacts, but the situation remains volatile. Despite these challenges, DigiKey remains committed to its Minnesota roots, contributing significantly to the local economy.
— new from NPR
