Local businesses prepare for new wave of tariffs

ALBUQUERQUE, N.M. – Albuquerque businesses say possible tariffs on Brazil could raise costs, while a local Brazilian steakhouse says its meat supply mostly comes from U.S. vendors.

President Trump’s 10 percent global tariffs end on Friday. Analysts say his new strategy is to go country by country and implement tariffs. New 25 percent Brazil tariffs go into effect on Wednesday.

At Tucanos Brazilian Grill in Albuquerque, manager Weston Taggart said the restaurant does not import its meat from Brazil…

Story continues

TRENDING NOW

LATEST LOCAL NEWS