US businesses brace for Trump's tariffs on Canada, Mexico and China to drive up costs
- New tariffs of 25% on imports from Mexico and Canada, and 10% on Chinese goods, were announced by President Donald Trump, set to take effect on Tuesday.
- Ventura Poz-Gomez, a grocery store manager, stated that about 70% of their products are imported from Mexico and expressed concern over rising prices.
- The US Chamber of Commerce warned that these tariffs could disrupt supply chains and lead to increased prices for American families.
- Sung Won Sohn, a finance and economics professor, indicated that consumers will be negatively affected by these tariffs, stating, 'Consumers are going to be clearly worse off.
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Leaning Left16Leaning Right5Center35Last UpdatedBias Distribution63% Center
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62% Center
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C 62%
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