TERRE HAUTE, Ind. (WTWO/WAWV) — With President Trump continuing with his plan to impose tariffs on all imports into the United States, some local businesses are feeling the heat.
President Trump announced tariffs on all imports into the country. This means the price of goods will rise once these tariffs take effect.
This could have a negative impact on local businesses as they say they don’t know how they’ll be able to compete with the high prices.
“Protecting your investment with maintenance is going to prevent from breakdowns which are going to be time-consuming maybe waiting on parts. The parts prices are going to be higher and the cost of maintenance I would expect to stay the same on your oil changes your tire rotations alignments,” said Steve Finzel, Owner of Finzel’s Master Tech.
Some countries have expressed their desire to compromise. However, China announced retaliatory tariffs on the U.S.
