Metro Atlanta business owners who rely on products from Mexico and Canada are bracing for the impact of tariffs imposed by the Trump administration that went into effect Saturday.
Trump orders tariffs for Canada, Mexico, China
What we know:
President Donald Trump ordered tariffs of 25% on imports from Canada and Mexico, the United States’ two largest trading partners.
The tariffs started Saturday.
Both Canada and Mexico have announced they will respond with their own tariffs on U.S. goods.
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Why you should care:
Economist and professor of finance at Emory’s Goizueta Business School, Tom Smith, says if the tariffs continue people will see higher prices on everyday goods.
“Businesses are going to pass as many of those costs on to consumers as possible. Consumers are going to be upset immediately. They’re so anxious about high prices as it is,” Smith said.
One example of these higher …