Mass 100 public company values crushed again due to tariffs
- People in Massachusetts are concerned about the effects of tariffs announced by President Donald Trump, which include a 10% tariff on all imports and a 25% tariff on automobiles.
- Economists predict that prices will rise on imported goods, particularly perishable items and everyday products, leading to higher costs for consumers.
- Tarek Hassan warned of an inflation shock to the economy due to increased prices on various imported goods, especially those from China.
5 Articles
5 Articles
Massachusetts companies fear higher costs, business declines as a result of Trump tariffs, says trade association
Brooke Thomson, president & CEO of Associated Industries of Massachusetts, says some manufacturers are predicting their costs will increase by millions of dollars per year due to the higher price of importing raw materials and supply chain disruptions. Some companies report customers are already canceling projects, while employers are also slowing and freezing hiring due to the volatile economic outlook.
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