Tariffs are an economic hurricane for Florida businesses

Florida business owners are used to change. Things like hurricanes, demographic shifts, and even the annual migration of the snowbirds are a part of many Florida business plans. But what should Florida business owners expect from what economists have described as the “economic hurricane” of recent tariffs?

The ultimate rates of U.S.-imposed tariffs, and subsequent retaliatory tariffs, will only be known with time. But what should we expect from the new worldwide tariff of 10% on all imported goods? What about the additional tariffs levied on the U.S.’ three largest trading partners — Canada, Mexico and China?

Simply put, it doesn’t look good.