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You are at:Home»Business»The owner of the local company and the experts weigh on the pending prices
Business

The owner of the local company and the experts weigh on the pending prices

February 1, 2025002 Mins Read
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Chula Vista, California (KGTV) – another day and another new White House policy announced on Friday.

“The president will implement a 25% rate of Mexico tomorrow, 25% prices in Canada and a 10% rate on China,” said Karoline Leavitt, press secretary of the White House

“It’s pure economical. We have big deficits with it, as you know, with all three,” said President Donald Trump.

Trump has also said in the past that the objective of import tax is to limit drug trafficking and illegal immigration to the United States

However, there is a reaction for each action.

Companies and distributors will have to pay more for these imported products and products.

The Director of International Affairs of the USD Eileen Daspro said that ABC 10news companies should decide to undergo the loss or that there is another avenue.

“I think there is a lot of concerns that consumers should face the weight of this importance by paying higher prices for everything we buy in Mexico and Canada, which is quite extensive,” said DasPro .

There is also a wonder of what it means for small businesses that serve customers.

Kevin Rhodes is the owner of Lime in the Coconut on the third avenue de Chula Vista.

“We are already in a difficult environment,” said Rhodes.

He told ABC 10news that they obtained a lot of products and products that come from Mexico.

“So, for this to increase by 25%, I have to decide that I make new menus very quickly and increase prices or do I simply take the blow on the chin and that hope for the best?” Said Rhodes.

After having bounced price increases after the pandemic and the cost of living being as high as that, there is concern about what the future has in store for us.

“We are pressure from below with higher prices and from the top, with a drop in costs for the customer. He keeps compacting, “said Rhodes. “And so for customers there, know that if you want us to stay in business, work with us.”

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