News-News.Zip

News in English (USA) / 12.04.2025 / 20:00

Impact of Trump Tariffs on American Businesses

American businesses, particularly small enterprises, are facing significant challenges due to the implementation of tariffs on imports from China. Many owners express concern that these tariffs could lead to irreversible damage, with some forecasting potential closure if costs continue to rise. The textile industry in South Carolina, along with various small sellers in sectors like fireworks and ski apparel, report feeling the pressure as prices increase and consumer demand decreases. In cities from Wyoming to Norfolk, business owners are calculating the steep toll the tariffs are taking, which is exacerbated by the uncertainty of tariff announcements. Small business owners across the country describe a chaotic environment, with some stating they feel trapped and unable to keep up with the shifting policies. There is a general sentiment of anxiety among entrepreneurs, as many fear for their livelihoods and even their homes as they navigate these turbulent times.
The New York Times, AP News, CNBC, WSJ, UnHerd, Bloomberg.com, CNN, Times of India, Politico, WyoFile