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A Shipping Change Might Help Small Businesses if Not for Trump's Trade Wars

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Companies squeezed by Shein and Temu are welcoming the end of a shipping rule that bolstered the Chinese e-commerce giants. But broader tariff concerns are outweighing any optimism.
The article from The New York Times, published on May 11, 2025, discusses the impact of former President Donald Trump's trade policies on small businesses and the shipping industry. It highlights how the trade war initiated by Trump with countries like China has led to increased tariffs, which have significantly raised costs for small businesses reliant on imported goods. The article details the struggles of several small business owners who have seen their profit margins shrink due to these higher costs. Additionally, it examines the broader effects on the shipping industry, noting a decline in cargo volumes and increased operational costs for shipping companies. The piece also touches on the ongoing debate about the effectiveness of these trade policies, with some experts arguing that they have not achieved their intended goals of reducing trade deficits and boosting domestic manufacturing, while others believe they have provided necessary leverage in negotiations.

Read the Full The New York Times Article at:
[ https://www.nytimes.com/2025/05/11/business/trump-trade-war-shipping-small-businesses.html ]