Business with Puerto Rico, diversification insulates JAXPORT from impacts of Trump’s proposed tariffs, officials sayPaying the dirty price: Clay County residents petition against new trash provider after costly changes
Read full article: Keep your drink cold longer with these tumblers. See more Insider Deals here.Your lifetime productivity buddy — Microsoft Office 2021 you’ll pay for only once– Cargo activity in Jacksonville and across the country could be impacted by President-elect Donald Trump’s proposal to impose a 60% tariff on goods imported from China and a tariff of up to 20% on all other imports.
“I don’t believe we would have as much pain as people would think for a little while, because people they’re going to stock up just to get ready for Christmas anyway,” Mirabella said. “And I believe that they’ll probably stock up a lot more because of the incoming tariff.”from the nonpartisan Peterson Institute for International Economics, the higher tariffs would cost a typical middle class U.S. household more than $2,600 a year, shrinking their after-tax income by about 4 percent.
News4JAX asked Mirabella what kind of impact the proposed increased tariffs might have on JAXPORT specifically.