Brace yourselves, amigos! 🌎 As the US gears up to implement new tariffs under the Trump administration, experts are sounding the alarm over potential price hikes across almost everything we buy.
Even your favorite party essentials like beer and tequila aren't safe! 🍻 With a proposed 25% tariff on goods from Mexico and Canada, liquor businesses are already stockpiling tequila and popular Mexican beers like Modelo. Talk about a fiesta spoiler! 🎉🚫
Small Businesses Feeling the Heat 🔥
Dave Williams, president of Bump Williams Consulting (they crunch numbers for the booze industry), says that smaller businesses might have no choice but to pass these extra costs onto us, the consumers. So, that weekend six-pack? It might just cost a bit more. 💸
From Tacos to Tacos on Wheels 🌮🚗
It's not just about drinks. The food industry could get hit too. Mexico is a major supplier of fresh goodies to the US. The Produce Distributors Association warns that we could see higher prices on fruits and veggies. Say it ain't so! 🥑🍅
Car lovers, buckle up! 🚗 The auto industry might see price jumps, especially for cars coming from Mexico and Canada. Ed Brzytwa from the Consumer Technology Association says that tariffs could push car prices even higher, which are already zooming due to supply chain issues. Ouch! 🔧
Electronics and Gadgets Could Get Pricier 📱💻
Got your eye on the latest gadget? Companies like Best Buy are hinting at price increases. Their CEO, Corie Barry, admitted that the extra costs from tariffs will likely be passed on to us. Time to start saving those pennies! 💰
While the goal of these tariffs is to boost US manufacturing and fix trade imbalances, they might just make everyday life a bit more expensive. Keep an eye on your wallets, amigos! 🛍️
Reference(s):
cgtn.com
