U.S. Tariffs Hit Food, Apparel & Auto Sectors
Tariff Pressure on Import‑Dependent Sectors Tariff Pressure on Import‑Dependent Sectors (image credits: unsplash) U.S. tariffs on imported goods are squeezing three pillars of the economy—food, apparel and automotive—forcing businesses to absorb higher costs or pass them on to consumers. As policy makers use import taxes to protect domestic industries, companies reliant on global supply chains face escalating expenses and logistical headaches. Automotive and Mobility Automotive and Mobility (image credits: pixabay) Roughly half of all passenger cars and one‑third of light trucks sold in the U.S. are imported. With tariffs on vehicles and key components reaching up to 25 percent, automakers are … Read more