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Victoria businesses say Trump tariff recession impact overrated, urge shop local

  • Local business owners in Victoria believe that the recession fears related to U.S. Tariffs are exaggerated, stating, "Ninety-five percent of our products that we sell have not had any price increase."
  • The main worry for these business owners is consumer reluctance to spend money during this perceived recession.
  • Peter Stofko emphasizes that if consumers think things are bad, it leads to cancellations of orders and worsens the situation, stating, "It's like a self-fulfilling prophecy."
  • Premier David Eby noted that lobbying efforts seemed to have made a difference in avoiding additional tariffs beyond those already announced.
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Port Alberni Valley News broke the news in on Friday, April 25, 2025.
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