https://www.taxtmi.com/news?id=36165 The United States imposed new import tariffs on Canada, Mexico and China, prompting immediate retaliatory tariffs and raising input costs across sectors reliant on cross-border supply chains. Businesses face higher procurement expenses, contractors and suppliers adding tariff surcharges, and the prospect of passing costs to consumers as inventories deplete. Economists cited risks of slower growth and higher inflation if measures persist, while uncertainty from staggered implementation and threats of further duties is causing firms to delay investment and re-evaluate suppliers. Negotiations and industry responses are ongoing. en-us Wed, 05 Mar 2025 11:16:03 +0530 Wed, 05 Mar 2025 11:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=36165 The United States imposed new import tariffs on Canada, Mexico and China, prompting immediate retaliatory tariffs and raising input costs across sectors reliant on cross-border supply chains. Businesses face higher procurement expenses, contractors and suppliers adding tariff surcharges, and the prospect of passing costs to consumers as inventories deplete. Economists cited risks of slower growth and higher inflation if measures persist, while uncertainty from staggered implementation and threats of further duties is causing firms to delay investment and re-evaluate suppliers. Negotiations and industry responses are ongoing. News - Wed, 05 Mar 2025 11:16:03 +0530 https://www.taxtmi.com/news?id=36165