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Trump's tariffs could boost some 'Made in America' small businesses. But for many, they only hurt | CNN Business



  • It takes about 20 steps for tufts of raw wool to become a signature Faribault Mill blanket, and it all happens under one roof in this southern Minnesota city.

The article from CNN dated May 12, 2025, discusses the impact of new tariffs imposed by the U.S. government on imported goods, aimed at boosting American-made businesses. These tariffs, which target products like steel, aluminum, and various consumer goods, are intended to level the playing field for domestic manufacturers by making foreign products more expensive. The article highlights the mixed reactions from different sectors: while some American businesses, particularly in manufacturing, applaud the move as it could lead to increased demand for their products, others, including retailers and consumers, express concerns over potential price increases. Additionally, the piece notes that the tariffs could lead to retaliatory measures from other countries, potentially sparking a trade war. The overall sentiment is one of cautious optimism among American manufacturers, tempered by worries about broader economic repercussions.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/05/12/economy/american-made-businesses-tariffs ]

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