Experts worry about how tariffs would impact Massachusetts residents
President Donald Trump announced plans over the weekend to tax imported goods from Mexico, Canada and China. On Monday night, the administration announced it would delay implementing tariffs on Mexico and Canada , but the taxes would still go into effect on Chinese goods Tuesday. And China responded with its own tariffs on American goods.
Local experts are keeping an eye how these federal trade policies and may affect Massachusetts residents and businesses.
Tariffs could also increase utility costs in Massachusetts. The state gets some of its energy from Canada, and the paused tariffs include a 10% levy on energy imports from the country.
Acadia Center President Dan Sosland said that would have a major impact on gas and electric utility bills, as well as heating oil and gasoline.
“Ninety percent of the jet fuel at Logan Airport comes from Canada. Eighty percent of New England’s gasoline and diesel comes from Canada,” Sosland said. “In addition to electricity across the board in terms of energy burden and inflationary cost around energy, and then that spillover effect into the whole economy really could be quite significant.”
To read the full article from GBH, click here.
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