CHARLOTTE, N.C. New tariffs on Canada, Mexico and China are now in effect. This means there will be an additional tax on all goods coming from those countries and some retailers plan to pass that cost on along to consumers.

“I think it’s a shame. I think it was inevitable. We knew this before the election that this was going to happen,” Shopper Tracy White said. “So now that it’s happening, it just should not be a shock and surprise to people.”

A trip to the grocery store could put more pressure on your pockets because President Trump has ordered a 25% tariff on goods imported from Mexico and Canada and 10% additional tariff on goods imported from China. President Trump says the tariffs will remain in place until the countries reduce illegal immigration and address fentanyl that he says is flowing from the border.

Mexico is largest supplier of fruit and veggies in the U.S. Canada is leading exporter of grain and meats. Some consumers are relying on local grocery stores to stabilize prices.

At Giant Penny, the owner says they are watching the impact of tariffs closely. He says there are two employees working every day that are constantly evaluating the prices of the goods in the store.

“Eventually they’re going to go up at some point. But at this moment, right now, we’re trying to hang on to what we are. We wouldn’t want to upset customers,” Brian Tran, owner of Giant Penny said.

While the tariff turmoil continues, shoppers plan to change some of their habits.

“I think we’ll have to use the internet a little more to find deals. People will get together and find out where different things are, you know?,” Tracy White said “Change is inevitable and with shopping what I even buy will have to change.”

Some retailers will look to other countries besides Mexico, Canada and China to source their goods but that could take time. U.S. officials say Mexico and Canada have been in talks to work out a deal that would bypass the tariffs.

CONTINUE READING
RELATED ARTICLES