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Trump's China tariffs already cost a family-owned game business $16 million in orders from ships stranded at sea

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Small business owners who depend on imports from China to survive have become increasingly desperate.
The article from Fortune discusses the impact of the Trump administration's tariffs on small businesses in the U.S., particularly those involved in importing goods from China. The tariffs, part of a broader trade war, have led to increased costs for these businesses, with some owners reporting significant price hikes on their products. For instance, a small business owner mentioned that the cost of importing goods from China had increased by 25%, forcing them to either absorb the costs or pass them on to consumers, potentially affecting their competitiveness. The article also highlights the uncertainty and planning difficulties these tariffs have introduced, as businesses struggle to predict future costs and adjust their strategies accordingly. Overall, the tariffs are portrayed as a significant burden on small businesses, with potential long-term effects on their operations and the broader economy.

Read the Full Fortune Article at:
[ https://fortune.com/article/trump-china-tariffs-trade-war-small-business-imports-costs/ ]