‘Liberation Day’: Western New York businesses brace for tariffs [Video]

BUFFALO, N.Y. (WKBW) — As the Trump administration gears up for a significant economic move dubbed “Liberation Day,” the country is bracing for a new set of tariffs on imported goods, expected to roll out Wednesday.

With these changes looming, Western New York businesses and families are anxiously waiting to see how this will affect their budgets.

Some expectations include a 25% tariff on imports from Canada and Mexico and additional tariffs on imports from several other countries.

Steve Coppola, Vice President of LENCO, told me that his business has been preparing for a change like this for years, diversifying its inventory by importing from both nearby Canadian mills and American mills.

“We’ve been preparing for a few years actually, in anticipation of a potential Trump presidency again…We’ve shifted from probably about 60-70% Canadian [lumber] to about 40-50%, the rest being state-side lumber,” Coppola said. “We feel a lot better …