<h1>New 25% Tariffs on Canada, Mexico, and China Imports Hit U.S. Businesses Hard, Sparking Trade War Concerns</h1> Businesses across the United States are grappling with the impact of newly imposed 25% tariffs on imports from Canada and Mexico, and increased tariffs on Chinese goods. The tariffs, which took effect on Tuesday, have sparked a trade war, prompting retaliatory measures from the affected countries. Companies are facing increased costs, with some, like a San Diego restaurant owner, already experiencing price hikes in materials and goods. Economists predict these tariffs could lower U.S. economic growth by over 1% and increase inflation by 0.6%. The uncertainty surrounding the duration and future of these tariffs is further complicating business planning and investment.