How Trump's 145% China tariffs could crush American small businesses: 'There's no facility here that makes what we need'

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How Trump's 145% China tariffs could crush American small businesses: 'There's no facility here that makes what we need' | CNN Business

_{//business-finance.news-articles.net/content/202 .. y-here-that-makes-what-we-need-cnn-business.html}
^{Published in Business and Finance on Saturday, April 26th 2025 at 9:20 GMT by CNN}

Small businesses will have no choice but to raise prices, cut staff, delay growth plans or shut down entirely just to keep up with the rising costs of imports they can't source domestically, one expert said.

The article from CNN, dated April 26, 2025, discusses the impact of former President Donald Trump's proposed tariffs on small businesses in the United States. Trump's plan to impose a 10% tariff on all imported goods aims to protect American industries but has raised concerns among small business owners who fear increased costs and reduced competitiveness. The article highlights the experiences of several small business owners, such as a toy store owner in Ohio who anticipates higher prices for imported goods, and a clothing retailer in New York who worries about losing customers to larger retailers better equipped to absorb the tariff costs. Economists cited in the article suggest that while the tariffs might benefit certain domestic industries, they could lead to higher prices for consumers and potentially trigger retaliatory measures from trading partners, further complicating the situation for small businesses.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/04/26/business/trump-tariffs-small-businesses/index.html ]

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