NC businesses increase purchase of foreign goods amid tariff uncertainty
Uncertainty tariffs has caused business owners to stockpile goods in anticipation of future price increases, causing NC imports to rise 40% year-to-date in 2025.
A townhall on tariffs brought together local farmers, experts, and business owners to discuss the impact of tariffs.
Many studies show that increases in policy uncertainty are followed by declines in investment, output, and employment. Trade uncertainty is just as dangerous.
I’s clear we are witnessing not just a shift in policy, but a potential turning point for the American economy.
In effect, tariffs are actually taxes on domestic consumers, not on foreign competitors.