TO STOP ILLEGAL IMMIGRATION. ANY NEW TARIFFS ON IMPORTS WOULD MEAN AMERICANS COULD PAY MORE ON EVERYTHING FROM CARS TO GROCERIES AND SPARK RISING INFLATION. THOSE COUNTRIES CAN ALSO RETALIATE WITH TARIFFS ON AMERICAN GOODS, DEPRESSING SALES AND EXPORTS RELIED ON BY U.S. COMPANIES. OUR ANGELA ROZIER TALKED TO AN EXPERT AND TWO LOCAL BUSINESS OWNERS ABOUT THE POTENTIAL IMPACTS. WILL LOCAL BUSINESS OWNERS WE TALKED TO SAY THOSE PRICES ARE GOING TO GO UP AND THEY HAVE NO CHOICE BUT TO PASS IT ON TO THE CONSUMERS. THE OWNER OF THE HAIR DOCTOR HERE IN WELLINGTON MAKES CUSTOM WIGS FOR CANCER SURVIVORS. THEY’RE IMPORTED FROM CHINA. AND SHE SAYS SOME CLIENTS ARE ALREADY SLOWING DOWN THEIR BOOKING APPOINTMENTS FOR SERVICE BECAUSE OF PRICE INCREASES. A LOT OF TIMES, MOST OF MY ORDERS IS LIKE 5000 AND MORE. SO RIGHT NOW IT’S GOING TO BE AT LEAST 5 TO 500 TO $1,000 MORE. NOW, THIS FLORAL AND EVENT DESIGNER AND NORTHWOOD IS ALSO SEEING THE EFFECTS. IT CAN BE A GUT PUNCH WHEN YOU HAVE TO GO BACK TO SOME OF YOUR CLIENTS WHO ALREADY HAVE SIGNED CONTRACTS AND TELL THEM, LISTEN, I MIGHT HAVE TO CHARGE YOU 25% MORE, BECAUSE IF I HAVE TO PASS THAT ON TO THE CONSUMER, I CAN’T ABSOLVE ALL OF THOSE THOSE FEES. WE REACHED OUT TO AN ECONOMIST AT FLORIDA GULF COAST UNIVERSITY. I THINK IT’S REALLY IMPORTANT THAT VIEWERS UNDERSTAND THAT A TARIFF REALLY IS A TAX ON AMERICANS. WHEN WE INTRODUCE A TARIFF INTENDED TO ALLEGEDLY PROTECT PEOPLE IN THE DOMESTIC ECONOMY, IT REALLY IS A TAX ON AMERICAN ECONOMIC ACTIVITY. THE AMERICAN BUSINESSES THAT ARE TRYING TO IMPORT THOSE GOODS AND SERVICES, ULTIMATELY TO SERVE AMERICAN CUSTOMERS. NO WORD ON HOW LONG THIS WILL LAST, BUT EVERYONE IS HOPING IT WILL PASS SOON. IN WES
Local businesses face price hikes due to tariffs
Local business owners in Wellington and Northwood are experiencing rising costs due to tariffs, forcing them to increase prices for their customers.”A lot of time most of my orders are like $5,000 and more, so right now it’s going to be at least $500 to $1,000 more,” said the owner of The Hair Doctor in Wellington, who makes custom wigs for cancer survivors using materials from China.”It can be a gut punch when you have to go back to some of your clients who already have signed contracts and tell them listen, I might have to charge you 25% more because I have to pass that on to the consumer, I can’t absolve all of those fees,” said a floral and event designer in Northwood.Victor Claar, an economist at Florida Gulf Coast University, explained the broader impact of tariffs.”I think it’s really important that viewers really understand that a tariff is a tax on Americans to serve American customers,” Claar said.There is no word on how long these tariffs will last, but business owners and customers alike are hoping for a resolution soon.
Local business owners in Wellington and Northwood are experiencing rising costs due to tariffs, forcing them to increase prices for their customers.
“A lot of time most of my orders are like $5,000 and more, so right now it’s going to be at least $500 to $1,000 more,” said the owner of The Hair Doctor in Wellington, who makes custom wigs for cancer survivors using materials from China.
“It can be a gut punch when you have to go back to some of your clients who already have signed contracts and tell them listen, I might have to charge you 25% more because I have to pass that on to the consumer, I can’t absolve all of those fees,” said a floral and event designer in Northwood.
Victor Claar, an economist at Florida Gulf Coast University, explained the broader impact of tariffs.
“I think it’s really important that viewers really understand that a tariff is a tax on Americans to serve American customers,” Claar said.
There is no word on how long these tariffs will last, but business owners and customers alike are hoping for a resolution soon.