2020 U.S. businesses delay investments amid tariffs uncertainty in presidential race.
As the presidential campaign heats up, U.S. businesses are anxious about potential economic instability due to tariffs proposed by both candidates, Donald Trump and Kamala Harris. Many companies are delaying investments or contemplating relocating abroad due to rising costs and uncertainty. Tariffs have already increased retail prices by 5-10% since 2020, prompting firms to seek alternative suppliers while anticipating that tariffs will persist regardless of the election outcome.
3 months ago
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