Forbes March 5, 2025
President Trump has imposed significant tariffs on top trading partners. This includes a 25% duty on goods from Canada and Mexico as well as an increase to 20% on Chinese goods. The president’s rationale for targeting Canada and Mexico is their alleged failure to take sufficient action to curb the fentanyl crisis at the border. Additionally, he asserts that the United States is being exploited by its trade partners.
This will impact all industries. A recent Forbes article notes that vehicle prices may increase $3,000. Healthcare is no different.
Tariffs will either increase healthcare costs or decrease healthcare availability.
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