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Copper prices have surged to their highest level in nearly 10 months. What does this tell us about the overall economy?
Some goods, like produce from Mexico and home appliances from China, could get more expensive soon.
Once new levies take a bite out of imports, the currency’s value is likely to grow, making American goods more expensive for foreign buyers.
Thousands of wholesale seafood producers and buyers from around the world gathered in Boston for the North American Seafood Expo.
Though some proposed tariffs on Canadian imports have been delayed, business owners near the border are preparing for cost increases
Exports of meat, corn and soybeans may grow even more expensive if tariffs take effect.
And that will impact businesses, the housing market and consumers.
New residential building permits are down. High prices on building materials could further slow new construction.
“What is completely uncertain is what the destination looks like,” says Mohamed El-Erian, president of Queens’ College, about the U.S. economy.
The Fed’s Empire State manufacturing index shows weakness in demand and employment, possibly tied to the prospect of tariffs.