More regulations, fewer families—explaining N. America
More regulations, fewer families—explaining N. America's housing crisis: Peter Copeland & Tim Carney
Goodbye Silver Platter, Election Special: Brian Lee Crowley on Power Struggle

New tariffs anticipated to drive up prices across Connecticut [Video]

Categories
Canadian National News

CROMWELL, CT (WFSB) – New tariffs were expected to be announced on Wednesday afternoon, and families braced for how the changes could affect their wallets.

Gov. Ned Lamont planned to meet with local business owners in Hartford on Wednesday to discuss the potential impact of the tariffs.

The meeting was scheduled to take place at Grocery on Broad at 11 a.m., where business leaders were likely to voice concerns about how the changes could affect Connecticut’s economy and their operations.

Many everyday items, such as fruits and vegetables, have been imported from countries such as Mexico, Canada, China, and others. They will be subject to the new tariffs.

While the specifics of the tariffs had not been fully disclosed, an estimate from the Budget Lab at Yale University suggested a 20 percent universal tariff could cost the average household an additional $3,400 to $4,200 annually.

It followed the president’s recent …

Jon Rahbek-Clemmensen on the crucial choice facing Greenland
Jon Rahbek-Clemmensen on the crucial choice facing Greenland's geopolitical future
Why are Western Canadian oil prices so strong?: Rory Johnston for Inside Policy