New tariffs on Canada and Mexico have companies in North Carolina bracing for potential impacts, especially builders and their suppliers.
As China, Mexico and Canada prepare for Trump’s tariffs to go into effect, NC businesses could be affected by the additional tax.
There will be 25% tariffs on products from Canada and Mexico, and an additional 10% tariff on goods from China; this brings the total tariff on imports from China to 20%. Trump has previously cited illegal immigration and flow of fentanyl as reasons behind the implementation of tariffs,
Several farmers are telling North Carolina-based local news station WXII 12 that their anxiety is spiking thanks to President Donald Trump's trade wars. With massive tariffs set to go into effect next week on Canada and Mexico,
President Donald Trump earlier this week promoted tariffs as a way to bring furniture-making manufacturing to North Carolina.
Trump launched a trade war against America's three biggest trading partners, drawing retaliation from Mexico, Canada and China.