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A range of services — including software companies, hotels and restaurants — may also suffer as discretionary spending dries up.
Tariffs and other issues with the U.S. are prompting moves toward decoupling. But the Continent lags in growth and innovation.
“It feels like it’s been psychological torture,” said Daniella Velazquez de León, general manager of Organics Unlimited.
Because if we want to buy imports, we either have to export an equivalent amount or borrow money.
Some goods, like produce from Mexico and home appliances from China, could get more expensive soon.
Once new levies take a bite out of imports, the currency’s value is likely to grow, making American goods more expensive for foreign buyers.
Though some proposed tariffs on Canadian imports have been delayed, business owners near the border are preparing for cost increases
A look at why consumption in China has been sluggish.
A January surge in imports will have a negative impact on GDP in the near term. A protracted trade war would drag down economic growth in the long run.
Chinese manufacturers tell Marketplace how they are coping with the additional U.S. tariffs.