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Mass. businesses fearful of effect tariffs will have on prices

  • President Trump's sweeping tariff announcement on Wednesday shocked global markets on April 4, 2025.
  • These tariffs, impacting nearly 90 countries, sparked fears of a potential recession among Mainers.
  • Wall Street reacted with a deep plunge, reminiscent of the Covid-19 panic, and shoppers voiced concerns.
  • Lori Sullivan anticipates the tariffs will ultimately benefit the U.S., while Phil Minervino said businesses are "bracing for impact."
  • The tariffs may cause Americans to pay more for food and goods as markets anticipate significant financial changes.
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Le Monde broke the news in Paris, France on Saturday, April 5, 2025.
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