CHULA VISTA, Calif. – The White House has announced a new policy that will change import costs from several countries. Starting tomorrow, there will be a 25% tariff on goods from Mexico and Canada, and a 10% tariff on imports from China.
According to the White House Press Secretary, these tariffs are part of an effort to address trade deficits with these nations. President Trump has previously mentioned that this tax on imported goods aims to reduce drug trafficking and curb illegal immigration into the U.S.
However, these changes will impact many businesses. Companies that rely on imported products will face higher costs. Eileen Daspro, an international business expert, pointed out that consumers may end up paying the price for these tariffs as companies decide how to handle the increased expenses.
Small businesses, in particular, are concerned. Kevin Rhodes, owner of Lime in the Coconut in Chula Vista, highlighted the difficulties they already face. With many products coming from Mexico, the new tariffs could force him to either raise menu prices or absorb the additional costs.
After already struggling with price increases from the pandemic and the rising cost of living, Rhodes fears for the future. He noted the pressure to keep prices low for customers while managing rising costs from suppliers. “We’re being squeezed from both sides,” he said. “If you want us to stay in business, we need your support.”
