February 1, 2025 - 06:49
The White House press secretary has announced that new tariffs are scheduled to take effect on Saturday, affecting goods imported from Mexico, Canada, and China. This development has raised concerns among San Diego business owners who fear the potential repercussions on their operations and customer relations.
Local entrepreneurs are particularly worried about the increased costs associated with importing essential materials and products. Many small businesses rely heavily on goods from these countries, and the impending tariffs could lead to higher prices for consumers. Business owners are contemplating how to navigate these changes, with some considering absorbing the costs while others may have to pass them on to customers.
The uncertainty surrounding the tariffs has created a ripple effect, prompting discussions among business owners about strategies to mitigate the financial impact. As the deadline approaches, many are bracing for potential disruptions in supply chains and shifts in consumer behavior, highlighting the interconnectedness of international trade and local economies.
