Gov. Maura Healey expressed concern about the economic chaos and uncertainty caused by President Trump’s tariffs, despite his recent decision to pause most of the plan. During a meeting with Cabinet secretaries and business leaders, Healey warned that consumers and employers are still facing challenges due to the tariffs, which have disrupted the markets and raised recessionary concerns.
Trump’s decision to pause higher tariffs for 90 days did not alleviate the fears expressed by Healey and other attendees of the meeting. Healey argued that the remaining tariffs, especially on China, would continue to impact prices and costs for businesses and residents. She called for an end to the chaos and urged the president to reconsider his approach to tariffs.
Economic Development Secretary Yvonne Hao suggested that the administration would introduce specific programs to address the tariff issues through quasi-public agencies. Healey also hinted at using such agencies as tools to support businesses affected by the tariffs.
Industry leaders, including the Greater Boston Chamber of Commerce CEO and the Retailers Association of Massachusetts President, shared concerns about the negative impact of tariffs on businesses, with some reporting significant disruptions to their operations. The uncertainty surrounding tariffs has raised questions about the ability of businesses to stay open and retain their workers.
As the state budget faces potential challenges due to federal spending cuts and economic uncertainties, Healey emphasized the need for responsible budgeting and sustainability. The administration is expected to provide more information on programs to support businesses affected by tariffs in the near future.
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