| FOR IMMEDIATE RELEASE July 24, 2025 Contact: [email protected] ICYMI: Tariffs Stall North Carolina Business Growth, Raise Prices on Everyday Goods From delayed product launches to rising grocery prices, the fallout from Trump-era tariffs is hitting North Carolina’s economy hard Across the state, businesses, workers, and families are feeling the pressure from tariffs. Tariffs are increasing prices on everything from kitchen appliances to produce, delaying shipments, and forcing small businesses to scale back their plans. WCNC | ‘New economic reality’: NC consumers face tariff-driven inflation North Carolina consumers are facing the consequences of tariff-fueled inflation, with prices rising sharply on everyday essentials. In June alone, consumer prices jumped 2.7% year-over-year, the biggest spike since February, driven in large part by tariffs on imported goods. Inc. | This North Carolina Small Business Was on the Rise. Then Came the Tariffs “The uncertainty impacting our business, our suppliers, and our consumers is the biggest problem,” said Erik Fabian, co-founder of Sourhouse in Asheville, North Carolina.“I would love to stop thinking about tariffs and get back to our mission of helping people bake more sourdough bread.” WTVD | Tariffs on tomatoes felt by consumers, restaurants; shoppers hit farmers market A 17% tariff increase on Mexican tomatoes is hitting restaurants and consumers across North Carolina.“I need tomatoes for everything… salsa, the pico de gallo, the fajita, for everything,” said Christopher Ramirez of El Rodeo restaurant in Raleigh.”Tariffs are not paid by the exporting country, they’re paid by the importing country, us, they’re paid by businesses that are importing from other countries, so it makes sense that they get passed on to customers,” said Michael Walden, economics professor at NC State. Tariffs are squeezing North Carolina’s economy at every level, from stalled manufacturing and higher grocery bills to shuttered small businesses. If across-the-board tariffs continue, more jobs, industries, and families will be left behind. ### Tariffs Cost US is a new campaign dedicated to providing the public with reliable, comprehensive information about global trade and tariffs, and their impact on both businesses and consumers. |
