Canada, Mexico tariffs begin on March fourth
CHATTANOOGA, Tenn. (WDEF) — President Trump says tariffs on Mexico and Canada are about to begin.
Economic commentator, Thomas Fellows, believes these tariffs will impact Chattanooga directly.
He says that the trucking companies and the warehouses here will be affected.
He also adds that produce prices will increase, along with medical supplies and equipment.
Fellows also claims Chattanooga’s tourist industry will take a hit.
He believes that during the summer is when we will see the effects of these tariffs.
Fellows says, “It will take about at least 3 to 6 months for there to be an impact. There will be an impact by 9 to 12 months for now. I don’t think we will see price increases until late summer or early fall.”
The tariffs go into effect on March Fourth.
