• Fri, May 2, 2025

by: WJZY

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Small retailers say tariffs are affecting business

The owner of a baby store says the Trump administration has imposed a car seat tax. She says tariffs on Chinese goods are affecting safety equipment for babies. 12 brands have already raised or plan to raise their prices. President Donald Trump said parents may have to make some sacrifices to bring manufacturing back to the U.S.
Small retailers across the United States are feeling the impact of tariffs imposed by the Trump administration on goods from China, as reported by Yahoo News. These tariffs, intended to pressure China in trade negotiations, have led to increased costs for small businesses, particularly those relying on imported goods such as furniture, electronics, and clothing. Retailers like Michael Rozinsky of City Lights Collectibles in Florida and Jim McVey of McVey's Clock Shop in Ohio have noted significant price increases on their products, forcing them to either absorb the costs or pass them on to consumers, which could lead to reduced sales. The uncertainty surrounding the ongoing trade war has also made it difficult for these small business owners to plan for the future, with some expressing frustration over the lack of resolution and the potential long-term effects on their livelihoods.

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https://www.yahoo.com/news/small-retailers-tariffs-affecting-business-204400042.html