Valley experts weigh in on impact of Trump tariffs

FRESNO, Calif. (KFSN) -- President Donald Trump is not backing down connected his connection to adhd tariffs from the South to the North.

"No country near for Mexico oregon for Canada. The tariffs they're each set, they spell into effect tomorrow," said President Trump.

In summation to the 25 percent tariffs promised for Mexico and Canada, the president says determination volition besides beryllium an further 10 percent tariff connected imports from China.

"Vast amounts of fentanyl person poured into our state from Mexico and arsenic you cognize besides from China wherever it goes to Mexico and goes to Canada," said President Trump.

However, a ample magnitude of goods radical usage each time besides travel from these countries, which could interaction your travel to the market store.

"In 2023 it was estimated by the United States Department of Agriculture that we imported, you know, 63% of our fruits and vegetables from Mexico alone, and 47% of our fruits and nuts from Mexico," said Samuel Molina with the Academy of Financial Education.

Another manufacture that could announcement the effects is construction.

"It volition interaction the imports of lumber and different gathering materials, specified arsenic steel, aluminum, and copper things that are utilized to physique a caller home," said Building Industry Association of Fresno/Madera Counties President, Darren Rose.

Rose says since it's thing they haven't seen, it's unclear but expected to interaction those successful the buying market.

"But fundamentally what volition hap is erstwhile that's felt, prices volition summation for the consumer, those who acquisition a caller location successful the Fresno Madera area," said Rose.

UC Merced Economics prof Greg Wright says this could besides commencement a commercialized war.

"But connected the Flip side, Canada and Mexico and China are astir apt going to enforce tariffs of their ain connected our exports to those countries, and truthful what that means is that U.S. producers are going to look smaller markets efficaciously for their products and much trouble selling to those countries," said Wright.

Wright adds that tariffs of this level with United States trading partners person not happened since the 1940s, causing the chartless for radical crossed the nation.

"Businesses similar certainty businesses similar an system that's predictable. And these days it's benignant of, I think. That's a there's a small spot of upheaval, and that's concerning to people," said Wright.

Molina besides says it could instrumentality clip to spot the afloat economical impact, adding helium says the champion happening radical tin bash close present is commencement trying to chopped costs.

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