The News10NBC Team details breaking News, Traffic and Weather.<\/p>\n
ROCHESTER, N.Y. \u2013 Tariffs of 30% go into effect August 1 against products from the 27 countries in the European Union and the U.S. Chamber of Commerce expects that to hit small businesses hard. He describes how the domino effect of tariffs eventually impacts consumers.<\/p>\n
\u201cAnd then if they sell it to maybe a wholesaler, part of that gets passed along,\u201d said Neil Bradley, Vice President of the U.S. Chamber of Commerce<\/a>. \u201cAnd then it gets passed along to the retailer, and then ultimately to us as consumers.\u201d<\/p>\n Using Consumer Reports price tracker<\/a>, News10NBC has been following the prices of household essentials like coffee, laundry detergent and diapers. All three are the same price today as they were last month. So is all this doomsday talk overblown? The head of the U.S. Chamber of Commerce says no.<\/p>\n \u201cIt does vary from product to product. It depends on what the tariff level is. Whether we\u2019ve been able to stock up on the tariffs ahead of time. But eventually, all of these things get translated through into higher prices,\u201d said Bradley.<\/p>\n Take for example, coffee. There has been no price change.<\/p>\n \u201cWhy? Because in the first three months of this year, importers brought in record amounts of coffee to try to get ahead of these tariffs. But you can do that because you can store the beans for a while,\u201d Bradley explained.<\/p>\n But you can\u2019t store bananas. And part of the cost is paid by the consumer, with price hikes of more than 3% in a month.<\/p>\n He also points out that consumers pay the price on raw materials.<\/p>\n \u201cSo manufacturers right there in Rochester, they\u2019re building something. They\u2019re in New York to sell to Americans but they may need a particular part or component that they import. When they import that, they\u2019re paying the tariffs too,\u201d he said.<\/p>\n Business owners have confirmed that, like at one of four JAM Industries plants in Rochester. There, workers turn blocks of steel and aluminum into parts for various sectors from medical to the military.<\/p>\n \u201cProbably 80% of our aluminum is imported,\u201d said Jeff Johnson, General Manager of Jam Industries.<\/a><\/p>\n And the tariff on aluminum is currently 50%.<\/p>\n Consider the impact on chocolate makers like Hedonist Chocolate<\/a>. Cocoa beans can\u2019t be grown in most of the U.S. And so, Hedonist, like most chocolate makers have to import all of their chocolate.<\/p>\n The Chamber says the domino falling for chocolate makers feels a bit more like a boulder, a boulder that threatens to crush America\u2019s small businesses.<\/p>\n The Rochester Chamber of Commerce is asking its members to report<\/a> the impact of tariffs and Governor Hochul has mandated that all state agencies track the impact as well.<\/p>\n AI assisted with the formatting of this story. Click here<\/a> to see how WHEC News 10 uses AI<\/p>\n \t\t\t\t\t\t\t\tFor Related Stories:\u00a0tariffs<\/a>\u00a0\u00a0domino effect<\/a>\u00a0\u00a0consumer alert<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The News10NBC Team details breaking News, Traffic and Weather. ROCHESTER, N.Y. \u2013 Tariffs of 30% go into effect…\n","protected":false},"author":2,"featured_media":28179,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-28178","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/28178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=28178"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/28178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/28179"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=28178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=28178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=28178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}