‘Share the culture': Local business owner shares concerns over tariff impacts
President Donald Trump announced tariff exemptions on Saturday for electronics such as laptops and smartphones as 145% tariffs take effect on goods from China.
But tariffs on a wide range of goods from multiple countries are still in effect and of more importance to local business owners like Pape Ndiaye, who owns House of Africa in Charlotte.
Ndiaye said many local mom and pop shops rely on imported goods from around the world. And some of the shops' owners are worried.
READ: Residents living in Burke County church given 30-day deadline to secure repairs
House of Africa has been open for nearly 30 years and puts on one of the largest Juneteenth events in the country.
Ndiaye called with Channel 9′s Glenn Counts from Senegal. He told Counts he is worried he may have to raise prices. And many African businessmen he spoke with have similar concerns about the impacts of tariffs.
He said, at the end of the day, he may have to raise prices. And he worries it may cost him customers.
'Why House of Africa is in Charlotte, North Carolina, is to share the culture and the art in the spirit of freedom and togetherness,' Ndiaye said. 'Even though it may be hard, we don't know yet. We will work with our customers.'
WATCH: Residents living in Burke County church given 30-day deadline to secure repairs
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
36 minutes ago
- Bloomberg
Bond Investors Look to Fed for Guidance on Timing of Rate Cuts
Treasuries investors whipsawed by President Donald Trump's trade and fiscal policies will this week glimpse the impact on the Federal Reserve's interest-rate policy. While Fed Chair Jerome Powell and his colleagues are set to keep their benchmark steady at the June 17-18 meeting, traders will scrutinize economic and interest-rate projections for insight into how policymakers may respond to the uncertainty.
Bloomberg
41 minutes ago
- Bloomberg
Fed on Hold Leaves Wall Street Asking What It Will Take to Cut Interest Rates
With Federal Reserve officials signaling an extended hold on interest rates, investors and economists will look to Chair Jerome Powell this week for clues on what might eventually prompt the central bank to make a move, and when. A fourth straight meeting without a cut could provoke another tirade from President Donald Trump. But policymakers have been clear: Before they can make a move they need the White House to resolve the big question marks around tariffs, immigration and taxes. Israel's attacks on Iranian nuclear sites have also introduced another element of uncertainty for the global economy.
Washington Post
an hour ago
- Washington Post
Macron visits Greenland in show of support for territory coveted by Trump
COPENHAGEN — French President Emmanuel Macron visited Greenland on Sunday, saying he was bringing 'a message of solidarity and friendship' from France and the European Union to a strategic Arctic territory that President Donald Trump has vowed to 'get' for the United States 'one way or another.' Asked by a reporter about Trump's promise to somehow annex Greenland, which is an autonomous territory of Denmark, Macron responded, 'I don't think that's what allies do.'
