Today in Global Small Business: And the Tariffs Begin

 

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What's affecting me, my clients, my colleagues and other global small business owners:

• Canada and Mexico move to retaliate on Trump tariff orders (might require subscription).
• Trump puts tariffs on Canada, Mexico and China, spurring trade war as North American allies respond.
• Quote of the week: “Make no mistake, if Trump imposed these tariffs, it would represent a significant negative shock to the U.S. economy. It would raise costs for businesses, make American production less competitive internationally, and raise prices even more for consumers who’ve recently suffered through the pandemic and the highest inflation in generations." – Stephen Tapp, Chief Economist, Canadian Chamber of Commerce (11/28/24)
• The $1.4 trillion gamble with the economy and prices.
• A ‘pathological obsession with tariffs’: Chris Hayes unveils scariest part of Trump’s trade move.
• Mexico vows retaliation to Trump tariffs without detailing targets.

from The Global Small Business Blog https://ift.tt/nKWsyzf