28/11/2024  Under tariff threat, US wholesaler warns: 'People will pay'

Business


While most of Los Angeles sleeps, 58-year-old Melquiades Flores starts his day at 1 a.m., supervising the unloading of produce at M&M Tomatoes and Chile Company, the wholesaler he started in 2019.

But the business that Flores hopes to pass to his children one day is bracing for a disruption.
U.S. President-elect Donald Trump has pledged to impose a 25% tariff on all imports from Mexico and Canada when he takes office on Jan. 20, plus an additional 10% tariff on Chinese goods.



Close
Attachments