Author: Unknown
Published on: 02/02/2025 | 00:00:00
AI Summary:
The levies of 25% on Canadian and Mexican and 10% on Chinese goods will take effect Tuesday. Canadian energy, including oil, natural gas and electricity, will be taxed at a lower 10% rate. The Budget Lab at Yale University estimates Trump's tariffs would cost the average American household $1,000 to $1,200 in annual purchasing power. The new tariffs will also raise the price of a customer favourite — sprinkles — which Penny Ice Creamery imports from a company in Whitby, Ontario. Tacking a 25% import tax on even something as small as that can damage a small business like his. Aeroflow Health gets paid by insurers at pre-negotiated rates, put in place before Trump decided on his tariffs. "I don’t like what’s going on,’’ she said, referring to the broader impact of the tariffs. "And I think people are going to be truly shocked at the pricing they’re going to see on the cars," she said. The tariff impact will show up on grocery shelves within days. Rod Sbragia voted for Trump in the past three elections and calls himself a “staunch Republican” The president, he said, must not have been properly advised on the matter. The president’s supporters in rural America make a tempting target for retaliatory tariffs. In response, Trump spent billions in taxpayer money to compensate them for lost sales and lower prices.
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