In response to the recent comments made by President Trump regarding tariffs, which include a 25% increase on imports from Canada and Mexico and a 10% increase on goods from China, people of New Hampshire are opting to make strategic purchases in order to reduce the projected price increases. As a result of the state’s tight economic ties to Canada, it is anticipated that these tariffs will have an effect on a variety of industries, which will push consumers to take prompt action.
1. Various Equipment with Maple Syrup
Tariffs imposed on crucial equipment and packaging materials imported from Canada and China have resulted in increased expenses for maple syrup producers in the state of New Hampshire. While working at Ben’s Sugar Shack in Temple, Ben Fisk made the observation that almost all of the equipment used in the maple industry is purchased from other countries, which is predicted to result in price rises for customers.
2. Oil for Heating the Home
When considering the fact that more than 350,000 families in New Hampshire rely on heating oil, it is anticipated that the 10% tax on energy imports from Canada will result in an increase of more than $375 per winter in heating expenditures.
3. Fish and seafood
It is important to note that Canada is a large importer of seafood, notably lobster. The imposition of tariffs is anticipated to result in an increase in prices, prompting people to stock up on marine products before the prices climb.
4. Caffeine
Because the United States imports the vast majority of its coffee, it is anticipated that tariffs will cause prices to rise. For the purpose of avoiding future price increases, consumers are purchasing larger amounts.
5. Alcohol (alcohol
The imposition of taxes on imported alcoholic beverages, such as beer, wine, and spirits, encourages consumers to make bulk purchases in order to avoid a rise in the prices of these beverages.
6. Electronics and technology
In order to avoid paying higher prices, customers are increasing their purchases of imported devices such as cellphones, laptops, and televisions. This is because tariffs are harming imported goods.
7. Devices for the Home
Residents are making investments in home goods such as refrigerators, dishwashers, and washing machines in anticipation of price increases. These investments are being made before tariffs were implemented.
8. Various Construction Materials and Lumber
New orders are being halted by suppliers as a result of tariffs placed on Canadian lumber, which has led to concerns on the potential for rising prices for building materials.
9. The natural gas
The supply of natural gas in New England originates from Canada to the extent of around 70 percent. It is anticipated that tariffs will result in an increase in pricing, which will push consumers to engage in alternative energy sources or to lock in their present rates.
10. Flowers that were brought in from abroad
When it comes to imported flowers, such as tulips from Canada, florists like Amber Morgan of Fortin Gage Flowers & Gifts in Nashua are concerned about tariffs. These tariffs could potentially have an impact on both the pricing and availability of these flowers.
As people of New Hampshire manage these changes, many of them are turning to locally produced goods and secondhand goods as a means of mitigating the potential potential financial repercussions. A number of tactics are being utilized in order to handle the projected price increases. These strategies include shopping at thrift stores, purchasing things that are manufactured locally, and making significant purchases prior to the imposition of tariffs.
