Far-reaching tariffs promised by President-elect Donald Trump could cause even more uncertainty in Tacoma as city leaders work to sort out a budget deficit.
could cause even more uncertainty in Tacoma, as city leaders work to sort out an ongoing structural deficit.
With passage of that motion, Tacoma needs to cut $8.9 million. On Tuesday, city council members voted to achieve some of those savings by eliminating approximately 26 city positions, most of which are currently filled.Trump threatens 100% tariffs on BRIC nations over currency plans to undermine U.S. dollar
On top of that is the possibility of further shortfalls due to tariffs involving Canada, Mexico and China that Trump has said he will authorize.“There's talks about tariffs going on to some of our largest trading partners and even if a smidgen of that happens it's going to create escalating costs across the board,” Bushnell said. “In the city of Tacoma, a lot of our costs especially when it comes to construction, a lot of our lumber actually comes from Canada.
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