Some specialty markets in Utah are preparing to increase prices on imported goods due to President Donald Trump’s 10% universal tariff on imports. Store owners like Matt Caputo and Eli Madrigal are anticipating price hikes on items from various countries. The uncertainty surrounding the tariff has led to challenges in predicting the extent of the price increases and which items will be affected. While the new tariffs were set to go into effect, Trump announced a 90-day pause on most of them. This has provided some temporary relief, but uncertainty remains.
Caputo and Rosenberg emphasized that some products like certain cheeses, cacao, coffee, and olive oil cannot be produced in the United States, making price hikes inevitable. The impact of the tariffs on businesses importing goods from countries like Guatemala, Costa Rica, and China is a major concern. Despite the challenges, store owners are determined to navigate through the situation and continue serving their customers. The article highlights the potential price increases and the difficulties faced by small markets in adapting to the changing trade policies.
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