US EditionBetween tariffs and survival, American business owners are doing alarming math
- Many American business owners are facing financial difficulties due to new tariffs imposed by President Trump, which threaten their profitability and survival. Jeff Logan expressed that the end result is real small businesses, and mom-and-pop shops are the ones that get put under.
- Sarah Wells, owner of Sarah Wells Bags, reported spending an unexpected $15,000 on customs due to tariffs, leading her to consider pausing hiring and new product development. Wells stated that she thinks the honest answer is that businesses will close.
- U.S. Businesses are struggling to source products domestically due to high costs, with domestic parts being significantly more expensive than overseas options, as noted by Ido Tuchman.
- Retailers predict price increases due to tariffs, noting that when raw coffee prices go up, they also increase prices to continue trying to ensure a profit margin.
37 Articles
37 Articles
After 100 years selling fabric, this Northern Liberties business worries it won’t survive Trump’s tariffs on China
Katz Leatherette Co. buys most of its materials from China, whose goods now face a 125% minimum tax imposed by President Donald Trump. "It's just devastating," the owner said.
‘Somebody has to pay the cost’: Business owners break down tariff drama on social media
Founders and CEOs typically use social media to etch a human face onto their brand, forge a personal connection with potential customers, and put some pizzazz into product launches. With the thundercloud of steep global tariffs looming overhead, though, many business owners have lately turned to TikTok, Instagram, and Reddit to explain the economic havoc those tariffs are poised to wreak on their brands—and in some cases, to search for a path fo…
Now they're going to do the shopping in Mexico?
I am one of those who once crossed the border to the north to buy the pantry.In Monterrey there are many people with this experience.But now those there are extremely worried.The owners of small businesses in the United States fear that they will not be able to control the rise in prices that will cause the tariffs and that will have to pass to their customers, for the same reason they could lose them.
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