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Home Business

Clock Ticks Down Toward Sweeping Tariffs on Canada, Mexico and China

3 March 2025
in Business
Clock Ticks Down Toward Sweeping Tariffs on Canada, Mexico and China
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Last week, President Trump announced a 10 percent tariff on Chinese goods, prompting small business owner Logan Vanghele to urgently request his $120,000 shipment of aquarium products be removed from a ship en route to Boston. The tariffs, part of Trump’s efforts to pressure countries to curb drugs and migrants, have created uncertainty for businesses like Vanghele’s, who faces potential fees on goods already in transit. While negotiations continue with Canada, Mexico, and China, industries such as automotive manufacturing and energy sourcing are bracing for potential disruptions and cost increases.

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