Worcester Business Journal

October 6, 2025

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wbjournal.com | October 6, 2025 | Worcester Business Journal 7 achievement Celebrate your limitless potential! Business Insurance Employee Health & Benefits Private Client Services Retirement & Wealth Meet Marsh McLennan Agency MarshMMA.com d/b/a in California as Marsh & McLennan Insurance Agency LLC; CA Insurance Lic: 0H18131. Copyright © 2025 Marsh & McLennan Agency LLC. All rights reserved. You're ambitious, talented, and driven – qualities that have propelled you to remarkable success! You play a critical role in your community, so continue to achieve new heights with a team that elevates your growth, embraces new challenges, and empowers you. Discover the possibilities at MarshMMA.com Top Canada-to-Massachusetts imported goods Massachusetts has a close economic relationship with Canada, importing about $10.6 billion in goods annually. Minerals and materials make up about 11% of Canadian imports to the state. Goods Amount annually Fuel oil $2.9 billion Fish & crustaceans $1.4 billion Pearls, gems, precious metals & jewelry $562 million Natural gas & other gases $473 million Plastics & plastic articles $470 million Paper & paperboard $363 million Meat, fish & seafood preparations $353 million Wood & semi-finished wood products $277 million Iron & steel tubes, pipes & sheets $270 million Softwood lumber $226 million Source: Embassy of Canada, March 2025 raise our prices. is time around, we raised prices, and that helped mitigate some of the pain. One of the reasons why it was easier to do that was there had been a lot of talk around tariffs. People knew they were coming. We started off with the tariffs at 25%, and then they notched them up to 50%. at shocked a lot of people. One thing people lose sight of is we have to order our steel about a month or two in advance. You can't spot-buy steel. People aren't making it to put on the ground and speculate. You have to order it, and then you have to take it. We've had shipments with 25% tariffs on them, and then by the time it was ready to ship, tariffs were at 50%. We got together with our vendors and negotiat- ed. We paid a little, and they took a little. e uncertainty is there, and it's difficult to manage; but you just have to pay attention to what your true demand is. is interview was conducted and edited for length and clarity by WBJ Managing Editor Eric Casey. W

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