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Businesses scramble to contain fallout from Trump’s tariffs on Canada, China and Mexico

  • The United States imposed 25% tariffs on goods from Canada and Mexico, affecting businesses across various sectors, including food and materials.
  • Economist Kathy Bostjancic estimates that if these tariffs persist for a year, U.S. Economic growth could drop by over 1 percentage point, and inflation could rise by 0.6 percentage points.
  • Business owners like Traci Tapani of Wyoming Machine expressed concerns that the tariffs will significantly impact their operations and growth due to higher costs.
  • Financial experts advise consumers to prepare for rising prices and review budgets in light of the anticipated economic impact from the tariffs.
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Trump's 'shock and awe' agenda leaves Virginia businesses scrambling

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rdnewsnow.com broke the news in on Tuesday, March 4, 2025.
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