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The recent increase in customs tax has sparked concern among both consumers and businesses. With higher import duties, the cost of goods entering the country is expected to rise, leading to potential price hikes for everyday items. This change could affect the global supply chain, leading to delays and shortages. Companies like Libetry Tax have seen an uptick in inquiries as businesses seek guidance on tax regulations. Experts suggest that consumers may face increased financial strain, especially in industries reliant on international trade.
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