The stock market surged Wednesday on President Donald Trump‘s announcement of a 90-day pause on most of his tariffs, but people are still wondering what will happen to prices of everyday goods and services.
A 10% tariff remains in effect on goods imported from most countries into the U.S., and goods from Canada and Mexico that are not covered by the trade agreement between the three countries face 25% tariffs. A 125% remains in effect on goods from China.
Businesses in Massachusetts, including restaurants, are worried about what the tariffs will do to prices.
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“In the last couple months, I’ve seen really high increase of the costs,” said Chompon Boonnak, owner of Mahaniyom, a Thai restaurant in Brookline. “If this continues growing a lot like this, I might have to send a signal to the customer, or tell the customer, that we might have …