Some in Puerto Rico worry about impact of tariffs

San Juan metro area residents interviewed by the STAR expressed concern Sunday about the impact of President Trump’s tariffs against Mexico, Canada and China.

“Everything is expensive as it is right now. Food is expensive and [so is] gasoline,” said Carmen Ayala, a 58-year-old teacher, while shopping at a local supermarket. “We buy a lot of stuff from China. We have to struggle to make ends meet and now things are going to get worse.”  On Saturday, President Trump slapped a 25% tariff on imports from Canada and Mexico in retaliation, he said, for the governments of the neighboring countries doing little to stop drug trafficking and illegal immigration. Energy imported from Canada, including oil, natural gas and electricity, is to be taxed at a lower 10% rate. The president also imposed a 10% tariff on goods from China.  On Sunday, Trump said via social media that Americans could feel “some pain” from the emerging trade war triggered by his tariffs against the three U.S. trading partners.

“WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!),” Trump said in a social media post. “BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID.”

READ MORE:

U.S. VIRGIN ISLANDS WEATHER

Luther Vandross’s Niece Reveals Inspiration Behind His Love Songs — an...

VI News Staff
2 years ago

$75 Million in Business Mitigation Funds Available: Apply Now

The V.I. Housing Finance Authority is offering a significant opportunity for local busines...

VI News Staff
2 years ago

St. Thomas Organizations Collaborate for Grade-Level Reading Week

VI News Staff
2 years ago

Australia: Hundreds given false Covid results in Sydney lab error

VI News Staff
4 years ago

Henneman tapped to help boost St. Croix as cultural destination

VI News Staff
1 year ago