Reported about 7 hours ago
US businesses are bracing for the impact of President Trump's newly imposed tariffs on imports from Canada, Mexico, and China, which are set to increase costs significantly. With tariffs ranging from 10% to 25%, various sectors, including food, medical supplies, and apparel, are expecting higher prices that may ultimately affect consumers' wallets. Many businesses, having stocked up to mitigate initial impacts, fear inflation and subsequent price increases will result in long-term challenges, as retaliatory tariffs from affected countries could further strain the economy.
Source: YAHOO