Reported 1 day ago
As a consequence of the new 25% tariffs on imports from Mexico and Canada, prices have surged along the U.S.-Mexico border, impacting companies dependent on cross-border trade. Small businesses are particularly vulnerable, potentially facing necessary downsizing or layoffs if consumers resist higher prices. As businesses stockpile goods and anticipate further price hikes, the risk of supply shortages grows, straining the economy and border relations while intensifying the uncertainty for both consumers and businesses.
Source: YAHOO