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Businesses in four-state region see tariffs boosting costs and prices, with retail hit hardest.
The Federal Reserve Bank of Cleveland's report indicates that businesses in Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia expect tariffs to raise prices, increase input costs, and decrease demand.
Sixty-four percent of surveyed businesses anticipate impacts, with 85% expecting higher costs and 75% planning price hikes.
Despite these challenges, 75% do not expect tariffs to affect employment, but 22% foresee a decrease in jobs.
The retail industry is particularly affected, with 82% expecting impacts.
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Las empresas en la región de cuatro estados ven que los aranceles aumentan los costos y los precios, siendo el comercio minorista el más afectado.