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“We don’t have any inside information,” says customs broker Gretchen Blough. “So we’re just kind of holding hands with our customers.”
The Biden administration’s taxes target Asian countries where Chinese producers moved after an earlier round of tariffs.
Sue Monaghan’s business is recovering while she navigates obstacles like another possible port strike and proposed tariffs.
A shortage of skilled labor, high labor costs, and uncertainty about the effect of tariffs on lumber prices weigh on some homebuilders.
Soybean supplies are up because soybean production is up. And soybean production is up because of China’s demand for it.
Trump’s deportation plans would slow down construction, while his tariff and tax policies could keep interest rates high.
With import charges looming, Wesley Rule, owner of Knoxville Fine Violins, is considering alternatives to Chinese-made instruments.
To learn more, “Marketplace Morning Report” host David Brancaccio spoke with Zanny Minton Beddoes, editor-in-chief of The Economist magazine.
President-elect Donald Trump has suggested he would cut or even eliminate income taxes, ramping up the role tariffs play instead.
Corn and soybean farmer April Hemmes is preparing for new tariffs from a second Trump administration.