Prices rose along border ahead of Trump’s tariffs now disruption looms WSOC TV [Video]

As 25% tariffs on imports from Mexico and Canada are set to take effect on Tuesday, Hispanic-owned businesses and companies that depend on cross-border trade are already passing higher prices onto consumers and preparing to sharply reduce imports.

The prospect of a North American trade war has already thrown the global economy into turmoil, with consumer confidence tumbling, inflation worsening and the auto sector and other domestic manufacturers bracing for a downturn.

Trump dismissed concerns that tariffs are largely paid for by consumers through higher prices, saying: “It’s a myth.”

It is possible for a stronger U.S. dollar to offset some of the costs, but most economic modeling shows tariffs will effectively amount to billions of dollars in tax hikes nationwide. Along the border, the reality is that prices were already rising in anticipation of Trump’s announcement, and much more disruption now looms.

Chamberlain Distributing represents nine different Mexican farming companies that ship about 5 million boxes of produce every year …