Whatcom County businesses grapple with tariff uncertainty as trade war wages on
A survey reveals that 42% of Whatcom County businesses feel no impact from ongoing tariffs, while 29% have absorbed higher input costs. The uncertainty surrounding the trade war complicates businesses’ ability to anticipate changes, according to the Whatcom Business Alliance. Barbara Chase emphasizes that companies with stronger local connections face fewer tariff-related challenges. Canadian visitation has dropped 22% this year, affecting local spending significantly. Jennifer Bettis from Western Washington University attributes this decline to poor exchange rates and negative political rhetoric.
Historically, Canadian shoppers contributed $140 million to the county's economy, accounting for up to 11. 7% of taxable retail sales. Small businesses, which make up 90% of WBA's membership, face unique challenges related to tariffs. For instance, local craft breweries report increased costs for imported ingredients and packaging due to tariffs.