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Home»U.S.»US businesses brace for Trump’s tariffs to drive up costs
U.S.

US businesses brace for Trump’s tariffs to drive up costs

February 3, 2025No Comments6 Mins Read
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Washington – From the California ice cream salon to the North Carolina Medical Supply Business to the Detroit T-shirt vendor, US businesses try to take taxes President Donald Trump imposed on Saturday Imports from Canada, Mexico and China – the three largest trade partners in America.

Tax – 25% in Canada and Mexican and 10% in Chinese goods – it will take effect on Tuesday. Including Canadian energy, oil, natural gas and electricity, it will be taxed at a lower rate of 10%.

The President of Mexico immediately promised revenge rates and the Prime Minister of Canada would set up 25% rates in $ 155 million. China did not respond immediately to the act of Trump.

The Yale University Budget Laboratory estimates that Trump’s Tariff cost Americans home for about $ 1,000 and $ 1,200 each year.

Gregory Daco, the main economist in the company of tax and consulting in the company would increase the inflation that would increase the inflation, which was launching 2.4% point 0.4% per year. Daco rose by 2.8% in the US economy last year in 2.1% in the US 2.1% in 2.1% increase consumer expenditure and business investments. “

California Penny Ice cream had to raise ice cream prices, “pink strawberries” and “chocolate caramel sea salt” – The cost of inflation in recent years was increased its supplies.

“I feel bad about having prices to climb,” Zach Davis said the owner. “We were looking at inflation, stabilizing the economy in 2025 … Now with fares, we will return again.”

Trump Rates, Davis said, mostly Chinese refrigerators, freezers and disorders, if Penny Ice cream intends to add to its six stores. The company still has painful memories of extra equipment costs when Trump had absorbed massive rates in China during his first term.

New rates will also climb the price of a customer’s favorite – Sprinkles – Creamy Ice Cream Small, Ontario Imports. It is a small tax on the 25% import tax tax, as it can damage its small business.

“The margins are so thin,” he said. “Being able to offer this add-on can cause 10 cents per scoop. If a fare is expelled, it can actually be profitable and breaking and watering at the end of the year. ”

In Asheville, North Carolina, Aeroflow Healthcare Health is succeeded, because his company achieves more than its supplies – including breast pumps – through Chinese manufacturers, through American sick insurance plans. Aeroflow Health Insurers pay pre-negotiated rates, which Trump put his fare before deciding.

Hite said that Chinese import taxes would obtain the company’s finances, forcing cheaper and smaller quality products or pass higher costs through high health insurance premiums. To materialize two years, Hite said, but eventually they would obtain consumer budgets.

“It will affect patients,” Hite said. “In time, patients pay more for products.”

The absorbents of absorbent incontinencies by USA, also aeroflow health are not safe from Trump import taxes. The rate may not warns the “turbulences” that warns “turbulences” from the Canadian and Plastics and Plastic and Plastic Tarfa.

“Does that affect our business? He said he would increase, even if he plans to absorb extra expense instead of passing customers.

“I don’t like everything that happens,” he said, referring to the wider impact of fares. “And I think people will really be surprised at prices that will see in cars, on the wood, clothes, food. This will be a mess. ”

William Reinsch is now a former US trade official, with strategic and international research center, said many companies stored in imported goods to avoid fares before. Draw a couple of weeks or a couple of months to draw on their accumulated inventory by delaying customer pain.

George Carrillo, Director General of the Industrial Construction Council, said that construction companies have caught materials to prevent Trump’s actions, but it is concerned with the choice of pic inflation in three to six months.

“When the inventory begins to be low, we start to feel the effects,” Carillo said in a telephone conversation on Saturday, before the announcement. “Developers and general contractors must follow the rhythm and start buying more products and will be at a higher price point.”

The work pool of the construction industry will already be worsened as a result of an immigration rebellion.

“You put rates and you put staff instability, you will create great delays in projects. It will create prices increase due to lack of availability,” Carrillo said.

Then there are industries that do not have a saved luxury, in supermarkets that will destroy farm products. So the rate-impact will appear on the shelves of food within a few days.

“You don’t save avocadas,” Reinsche said. “You don’t save the flowers to cut. You don’t save bananas. ”

In Nogales tomato trading, Arizona, who did his father, four decades ago, import collisions that will force some distribution companies outside business and “American consumer would be harmful.” options with supermarket “.

Sbragia voted Trump in the last three elections and calls him a “sharp republican”. The president, he said, should not be recommended to properly.

“When we are concerned about consumers, inflational pressure and general health of our population,” “asked” Why will we make it harder to access fresh fruits and vegetables? “

American farmers also need to be caught in TRUMP trading work with Canada, China and Mexico. The supporters of the President of Rural America make a tempting purpose for revenge fees. That’s what Trump happened to other countries, especially China, who retreated against the President’s tariffs on top of things like soybeans and pork. In response, Trump spent millions of taxpayer money to compensate for lost sales and lower prices.

Many farmers are talking about the president to protect from reprisal.

“The Trump Administration gave a network of security,” the director of Tobacco Lee Wicker Lee Wicker, the Deputy Director of North Carolina Chrowers Association, to work through a federal area of ​​illegal temporary farmers. Many farmers of the association “trusts that the rate will take care of anyone who hurts, and all that we can ask for.”

____

AP staff writers Mae Anderson and Cedar Attanasius in New York; Mike Householder in Birmingham, Michigan; Gary Robertson Raleigh, North Carolina; Gabriel Sandoval in Phoenix; And Didi Tang and Christopher Rugaber helped this story in Washington.



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