Trump tariffs on Canada, China and Mexico are in effect, which are three of Georgia's biggest trading partners. Here's how it will impact the state.
President Donald Trump's long-threatened tariffs against Canada and Mexico went into effect overnight, and Georgians may soon feel the impact.
The relationship between the two men, which has never been warm, has deteriorated in recent months after the president repeatedly talked of Canada becoming the 51st U.S. state and mockingly referred to Trudeau as its "governor" rather than prime minister.
Georgia consumers could get caught in the cross hairs of the tariff wars with Mexico, Canada and China, and the financial fallout could spell big trouble.
The threat of tariffs has generated uncertainty and concerns, as new duties on goods from Canada, Mexico and China were set to take effect.
However, while numbers are up nationally, in Georgia, the numbers paint a different picture. The report found initial unemployment claims were slightly down from the previous week. The number of continued claims seems nearly identical to where they were a year ago.
The nation is bracing for potential impacts from tariffs imposed on countries like Mexico, Canada and China. Many who rely on imports from those countries say price increases are inevitable. Even for companies who agree with President Donald Trump’s economic policies.
Georgia businesses are bracing for potential impacts from tariffs imposed on countries like Mexico, Canada, and China.
Tariffs and uncertainty have small business owners in georgia trying to plan for a future they can’t forecast.
Georgia builders and manufacturers are bracing for impact not only from the trade war, but tariffs to come. As President Donald Trump implemented broad tariffs Tuesday on Canada, China and Mexico and promises more in the future,
Simultaneously, Canada implemented a 25% tariff on $30 billion ... according to the New York Times. According to Georgia's trade records in 2021, Georgia's top imports consist of motor vehicles ...