Scary times': New York shopkeepers plan astronomical' price hikes under Trump tariffs
Briefly

Donald Trump's recent tariffs aimed at reshaping the US economy have immediate implications, with retailers anticipating higher prices and reduced consumer spending. Business owners in Manhattan's West Village express concerns over the potential impact as costs rise, compounded by previous economic challenges. Shopkeepers like Ian Anderson and Jennifer Pulidore emphasize that while they have adapted to challenges, additional tariffs create further anxiety. The immediate future remains uncertain, with the potential for greater economic strain depending on the tariffs' enforcement and global reactions.
Ian Anderson, store manager at a Manhattan grocery store, stated, "We're going to have to put our prices up and people aren't going to like it."
Jennifer Pulidore of Myers of Keswick remarked, "A 10% levy on UK imports, 20% on other European imports, and a patchwork of numbers on other countries will not help at all."
Read at www.theguardian.com
[
|
]