The French wine in a Columbia shop threatened on March 13, 2025, President Donald Trump, on European wine and French champagne. (Photo by Ashley Murray/States Newsroom)
Washington – American business owners and consumers are submitted with just a few details on Wednesday afternoon with just a few details.
Trump called April 2, “Freedom Day”, his self -imposed period to fulfill his election promise to tax imported products from all over the world.
The White House confirmed on Tuesday that Trump had made a decision about the tariff level but would not provide any further details.
“He is currently with his trade and tariff team to ensure that this is a perfect offer for the American people and the American worker, and they will all find out in about 24 hours,” said press spokeswoman Karoline Leavitt on Tuesday afternoon at Daily Briefing.
The fresh tariffs come when Trump has already imposed 25% tasks for imported steel and aluminum 25% taxes for foreign cars And vehicle parts start on Thursday.
The anticipation of more tariffs to numerous imported goods has stopped business owners in their tracks as uncertainty about the costs and daily decisions of the consumer reaction.
Storage coffee cups
Gabe Hagen, owner of Brick Road Coffee in Tempe, Arizona, said that diminutive business owners feel “whirlpool”.
“Will we have a tariff? Are we not? It is not easy for me to change my prices overnight. But at the same time if I suddenly increase my goods, it will put me in a loss area.”
Most disposable drinks are produced in China, so Hagen made the decision last year to buy and store coffee cups worth 26,000 US dollars in anticipation of the tariffs.
He also had to withdraw 50,000 US dollars of capital for the development on a second shop, he said.
“The main thing we demand is is the stability,” said Hagen, who is also in the diminutive company for the future council of America.
Walt Rowen, owner and president of the Susquehanna Glass Company in Columbia, Pennsylvania, said: “At that time there is no clarity at all.”
“Everyone is in a stop pattern. We ask ourselves what will happen,” said Rowen. “We can somehow know that we have to increase prices when the tariffs come into force. But we don’t know that we increase prices, how much does that affect demand?”
Rowen’s historic three -story production facility from 1925 in the middle of the southeast of Pennsylvania, depending on the season, employs between 35 and 65 workers.
With a variety of decorative techniques, his employees or color blogos, names and other messages deprived in the print on wine glasses, which he obtains from a manufacturer in Italy and cups in Vietnam.
Rowen’s production rooms hum, especially in the months before the holidays, as his employees laser engraving and hand personalized ornaments from China for the Lenox Corporation from painting.
“My Christmas jewelry business is enormous for us in the fourth quarter, and I would usually plan to bring 20 to 30 people to work in this category. However, if these prices rise by 30, 40, 50%, I do not know how many we will sell this year.
States to feel economic pain
Economists warn that the collective bargaining policy of the roller coaster bodies from the Oval Office undermines economic growth and trust in the USA as a stable trading partner.
Trump card told Reporters only on Sunday that he planned to hit tariffs on “all countries”.
The taxes of his government in the middle of March show aluminum and steel imports Delivered the retribution from the European Union and Canada, which will be enforced by hundreds of Americans from mid -April Products Cross your limits, including the legendary Kentucky Bourbon, Tennessee Whiskey and Harley-Davidson Motorcycles.
If Trump does not create exceptions to certain products, more states can expect economic pain, said Mary Lovely, Senior Fellow at the Peterson Institute for International Economics.
“For example, a state like Washington State is very export-dependent, not only obviously aircraft, but also apples and a variety of other manufacturing and agricultural areas (products). This state is really hard hit if there is retaliation from Canada that are a market, but also from Asia,” said Lovely.
Trump’s tariffs for products from Canada, China and Mexico could cost the typical American family at least $ 1,200 a year, according to A report Beautiful co -author. The dollar amount increases when calculating universal tariffs for all imported goods and when calculating the retaliation of other countries.
The President of the European Union, Ursula von der Leyen speech Monday that the block wants to negotiate with Trump, but will apply more taxes for American products if you have no other choice.
“This confrontation has not started Europe. We don’t necessarily want to reciprocate, but we have a strong plan to take revenge if necessary,” she said.
Customs on Canada
On the Capitol Hill, Democratic Sens. Tim Kaine and Mark Warner from Virginia and Amy Klobuchar from Minnesota presented a resolution to block the President’s customs duties on Canada, which he triggered under his emergency powers.
Trump’s apply of the International Emergency Economic Act to hit 25% tariffs on products from Canada and Mexico, marked the first time that a president had done this.
“We believe that the economic chaos that is caused and the markets by the consumer and the prediction of the recession together with a cross -party vote could convince the White House -” Hey, look, there is a better way to treat American citizens and customers ” told Reporter outside of the US Capitol Tuesday.
Kaine said his message to the Republicans was “stood for their voters and says no tax increase for them.”
The Senate is expected to vote on the legislation delayed Tuesday or Wednesday.
Bill Butcher, founder of Port City Brewing in Alexandria, Virginia, spoke to the senators on Tuesday and was concerned about the prize of Canadian Pilsner Malt, whom he has been using for 14 years.
“It is a very specific strain of high -quality barley that grows in the cold climate of Canada, and there is no suitable US replacement that we can have in the same quality to prepare our beer,” he said. “If this basic ingredient contains a tariff of 25%, our business will tardy down.
“If we go to our dealer to the retailer to a consumer, this six-pack of $ 12.99 beer will end at $ 18.99. How many people still want to buy a six-pack with great beer, but at $ 18.99?
The white house defends tariffs
In an e -mail declaration on Tuesday to the state news
“Fear Medic Congeing of the Media and Democrats about President Trump’s America First Economic Agenda will not change the fact that the industry leaders have already received trillion in investment obligations in America and that countries that have already started from Vietnam to India to improve trade concessions,” said Desai.
Peter Navarro, Trump’s senior consultant for trade, told “Fox News Sunday with Shannon Bream” Trump’s fresh tariffs will escalate 600 billion US dollars a year for the United States and another 100 billion US dollars from the 25% service for foreign cars that start this week.
The government would collect these income from US companies that have to pay the commitment rates in order to obtain their purchased goods via the US limit.
On Tuesday, Erica York with the tax Foundation, a thought factory in the middle that works for lower taxes, said on Tuesday that the number was “very, very wrong” because Navarro supports mathematics at the current import level.
“If we do a tax of 20% on imports, people will not buy so many imports so that the income they achieve reduces,” said York. “When companies make all of these tariff payments, this reduces their income.
US shares showed theirs Greatest loss Since 2022 according to the report on Monday in the first quarter of 2025.
Both Moody’s Analytics and Goldman Sachs warned On Monday you increased your forecasts for an economic recession to 35%.
