Small business owners scramble to shield their companies from Trump’s proposed tariffs

Economists generally do not support tariffs, as they tend to increase prices for consumers. Small business owners who have dealt with previous tariffs struggled to adapt and absorb cost hikes. President Trump is calling for new tariffs, claiming they will benefit American workers by re-shoring jobs, lowering inflation, and boosting wages. Many analysts disagree with this assessment, warning of higher inflation and lower growth if these tariffs are implemented. Small business owners like Chris Smith and Angie Chua are already feeling the impact of tariffs and are taking steps to mitigate potential cost increases. However, uncertainty remains about how tariffs will affect businesses in the future, with concerns about potential job loss and price increases. Despite some large businesses stockpiling inventory, many small businesses do not have the resources to do so and are already feeling the effects of tariffs on their bottom lines. Overall, the general sentiment among small business owners and analysts is that tariffs will hurt American businesses and consumers in the long run.

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