Local business react to 90-day pause on most tariffs on most nations
President Donald Trump announced a pause on tariffs on most nations for 90 days but raised the rate on Chinese imports to 125%.
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President Donald Trump announced a pause on tariffs on most nations for 90 days but raised the rate on Chinese imports to 125%.
Local businesses are hoping to feel some relief.
"Cheese, certain seafood and certain grocery items imported from Europe that would have been hit rather dramatically with the tariff," John DeCicco, CEO of DeCicco & Sons.
News 12 has talked with multiple business owners over the last few months about tariffs and the impacts they were expecting.
At Dobbs Ferry Automotive, many of their products come from Mexico, Canada and China.
"That helps a little bit," says Collin Redley, owner of Dobbs Ferry Automotive.
Both businesses we talked to on Wednesday haven't had to raise prices yet and they've been doing what they can to keep them the same.
"I don't want to and I still don't want to but there's only so much that I can withstand," says Redley.
"We were waiting day by day to see what actually does happen," says DeCicco.
One professor at Westchester Community College says tariffs have brought uncertainty for businesses and residents.
"Tariff wars never end well. The question is how damaging are they," Gary Klein, professor at Westchester Community College.
Some businesses say uncertainty about the fate of tariffs after 90 days doesn't put them completely at ease.
"You don't know what to do, you don't know if you should stock up on extra parts," says Redley.
