HONOLULU (KHON2) — The stock market nosedived on Thursday, April 3, after President Trump imposed sweeping tariffs on countries around the globe.
Economists said your wallet might feel the pain sooner than you think, and here at home, local businesses will feel the squeeze with some warning the tariffs could be the final straw for struggling shops.
Hawaii officials preparing for tariff effects on construction
Officials said the full impacts of the tariffs will likely be seen in the coming weeks and months.
“Hawaii will be heavily impacted compared to the continent because we need to ship everything in,” explained Tina Yamaki, Retail Merchants of Hawaii president…