New tariffs on goods from Canada, Mexico and China could be impacting prices and your bottom line soon.
Trump's tariffs, implemented Tuesday, include 25% taxes on most imports from Canada and Mexico. They also double tariffs on Chinese goods to 20%.
In his address to a joint session of Congress on Tuesday, President Trump said tariffs "are about protecting the soul of our country." But he also hinted they could drive prices up.
"There will be a little disturbance," Trump said. "But we are OK with that. It won't be much."
Supply chain experts say many Americans are likely already feeling the impact of the new tariffs, and businesses are reassessing their supply chains.
-------------------------------------
Join our newsletter at https://bit.ly/2q1tepr
Follow us on Facebook: https://www.facebook.com/scrippsnews/
Follow us on Twitter: https://www.twitter.com/scrippsnews
Follow us on Instagram: https://www.instagram.com/scrippsnews/
Follow us on TikTok: https://www.tiktok.com/@scrippsnews