President Donald Trump has announced new tariffs on goods from Mexico and Canada, as well as raising existing tariffs on goods from China. This has caused uncertainty for small businesses, like PM Spirits in Brooklyn, which imports wine and spirits from Mexico. The tariffs are in response to promises made by Canada and Mexico to address illegal immigration and drug trafficking. The tariffs could have a negative impact on businesses in North America, as the three countries are closely linked economically. For businesses like PM Spirits, the 25% tax on imports will raise prices and could lead to lower sales. Economists warn that the tariffs could push Mexico and Canada into recession and cost the US economy jobs. Ben Scott, from Pueblo de Sabor in California, is frustrated by the tariffs, which will increase costs for his business and may affect many people. Fred Sanchez of Bad Hombre Importing may have to sell off his stock of liquor and possibly shut down due to the tariffs. Many small businesses do not have the financial cushion to absorb the sudden 25% increase in costs. Despite concerns about the impact of the tariffs on the economy, President Trump has dismissed these worries. Analysts predict that the tariffs will slow economic growth, raise prices, and potentially lead to job losses. This is already a challenging time for the alcohol industry, as businesses struggle to recover from the pandemic. In conclusion, the new tariffs imposed by President Trump have left many small businesses uncertain about their future. The impact of these tariffs on the economy and job market remains to be seen, but for now, businesses are trying to adapt to the changes and uncertainties caused by these trade measures.