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Trump's Tariff Wars Leave US Small Business With Nowhere to Hide

The article from MSN discusses the impact of former President Donald Trump's tariff policies on U.S. small businesses. It highlights how these tariffs, initially aimed at protecting American industries and reducing trade deficits, have instead led to increased costs for small businesses, particularly those reliant on imported goods. The tariffs have not only raised the price of materials and products but have also introduced uncertainty in supply chains, making it difficult for small businesses to plan and budget effectively. The piece notes that while some large corporations might absorb these costs or pass them onto consumers, small businesses often lack this flexibility, facing squeezed margins or the need to raise prices, which can deter customers. Furthermore, the article mentions that the ongoing trade tensions have not resulted in the anticipated benefits like increased domestic manufacturing or job creation, leaving small businesses in a precarious position with "nowhere to hide" from the economic pressures these policies have induced.

Read the Full Bloomberg Article at:
[ https://www.msn.com/en-us/money/markets/trump-s-tariff-wars-leave-us-small-business-with-nowhere-to-hide/ar-AA1zvBNd ]