What about tariffs? What North Jersey shoppers can expect from retail in 2025

1-minute read

New Jersey is synonymous with retail.

With shopping malls throughout the state, including the largest mall in New Jersey located in Paramus, there are endless options to find what you need.

And with one of the largest ports on the East Coast, New Jersey is not only home to retail, but also to a robust shipping industry.

Expect changes in both those areas in 2025 ― and be on the lookout for changes in the costs of goods if President-elect Trump enacts his proposed tariff program.

• Port workers and the association representing marine terminals have until Jan. 15 to reach a deal on a new master contract, with automation being a main sticking point. The union representing the port workers has promised to go on strike if a deal is not met, potentially increasing prices on store shelves and upending supply chains.
• Developers at Garden State Plaza and Bergen Town Center in Paramus are in the process of constructing thousands of new apartments. At the Garden State Plaza complex there will be retail, dining, outdoor markets and a 1-acre town green, with an early-2025 groundbreaking expected.
• President Donald Trump has vowed to enact 25% tariffs on goods coming from Mexico and Canada, and 10% tariffs on goods coming from China. New Jersey manufacturers have sped up imports and stockpiled raw materials in anticipation of the increased costs from imports.