Denver business owners say Mexico, Canada and China tariffs leave them uncertain [Video]

DENVER — Denver-area business owners and experts said increased tariffs on goods and services from countries like Canada will only lead to higher prices and may hurt local businesses.

On Saturday, President Donald Trump signed an order imposing tariffs on three countries, two of which are America’s largest trading partners.

The order imposes a 10% tariff on China and a 25% tariff on Mexico and Canada. An exception is a 10% tariff on Canadian energy, including oil, natural gas, and electricity.

Zac Rogers, an associate professor of supply chain management at Colorado State University, told Denver7 that tariffs will have a big impact.

“It has nothing to do with the cost, the volume, the quality. It’s just an additional cost,” Rogers said. “A lot of times in the past, it’s been used to either stimulate internal growth or as sort of a punishment or a stick against the importing country.”

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