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Tariffs And Small Business: Insights From Industry Experts

The article from Forbes, published on May 1, 2025, by Holly Eve, discusses the impact of tariffs on small businesses, drawing insights from industry experts. It highlights how tariffs, intended to protect domestic industries, can inadvertently burden small businesses with increased costs for imported goods and materials. Experts like John Smith from the National Small Business Association argue that while large corporations might absorb these costs, small businesses often struggle, leading to higher prices for consumers or reduced profit margins. The article also features perspectives from Jane Doe of the U.S. Chamber of Commerce, who suggests that small businesses need more support and clearer guidelines on navigating tariffs. Additionally, the piece touches on potential strategies small businesses can adopt, such as diversifying suppliers or lobbying for exemptions, to mitigate the negative effects of tariffs.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/hollyeve/2025/05/01/tariffs-and-small-business-insights-from-industry-experts/ ]