US EditionInnovation Takes a Backseat at Small Companies as Tariffs Become a Full-Time Preoccupation
- Small companies are facing strain and are focusing more on cutting costs than on innovation, as reported by entrepreneurs.
- O’Callaghan stated that she had to lay off the CEO and head of product development due to these pressures.
- The shift in attention from innovation to regulatory compliance is negatively affecting the innovation pipeline.
- The company paused shipments from China in early April but resumed some after the president’s rate reduction.
54 Articles
54 Articles
Carolina Journal
Carolina Coast OnlineLocal business owners, farmers discuss impact of tariffs
Farmers, small business owners, and experts gathered in Raleigh earlier this week to discuss the recent trade war’s impacts on their operations, customers, suppliers, and distributors and how to navigate the next move in the trade war. President Donald Trump announced on April 2, or “Liberation Day,” that he would impose a 10% tariff on US imports from all countries. Trump asserted that trade economic practices have created a national emergency…
How tariffs are forcing small businesses to sacrifice innovation
Toy robots that teach children to code. Sneakers made in America. Mold-resistant kitchen gadgets.The three items are among new products that have gotten stuck in the pipeline due to President Donald Trump’s unpredictable trade policies, according to the brand founders behind the stalled items. They say that instead of fostering U.S. innovation, Trump’s tariffs are stifling it with extra costs and unexpected work.At Learning Resources in Vernon H…
Associated Press News
Innovation takes a backseat at small companies as tariffs become a full-time preoccupation
Some U.S. business owners say President Donald Trump’s unpredictable trade policies are stifling the American ingenuity he hopes to foster.
Jeffrey Savoca looks at his empty workshop. It’s 40 years of making shoes in Mount Joy, Pennsylvania. Without notice, he faces the possibility of closing. He can’t compete with tariffs or reinvent his supply chain overnight. “I don’t have time to change suppliers or build a factory.” Like him, thousands of small business people see their dreams go out. The tariffs, presented by President Donald Trump as a protective policy, became a trap for tho…
Small Business Owners Are Sharing How Tariffs Are Affecting Them, And It's A Serious Crisis
When tariffs on Chinese goods spiked dramatically — peaking at over 100% in some cases before recent reductions — small business owners across America found themselves facing an impossible math problem. From toy designers to computer repair shops, countless entrepreneurs discovered that products…
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