INSIDER
The cost of produce has been rising over the last several years, so the idea of everyday goods becoming even more expensive can be overwhelming for many families already on a budget or living paycheck to paycheck.
The small business owner said for one of her businesses, she imports wax from Spain and most of her medical supplies like gloves, wooden sticks, and gauze pads are imported from China.
Frederick Wu, the owner of North China Restaurant in Houston's Energy Corridor, is bracing for the impact of sweeping tariffs.
With the conversation surrounding tariffs increase after President Trump recently announced a 10% baseline tax on imports from all countries, along with higher tariff rates on dozens of nations that run trade surpluses with the United States.
President Donald Trump says his tariff announcements slated for Wednesday will amount to a “Liberation Day” for the United States.
