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News in English (USA) / 11.08.2025 / 19:00

Small Businesses Struggle Amid Ongoing Tariff Uncertainty

Small businesses across the United States are facing significant challenges due to the ongoing impact of tariffs implemented during the Trump administration. The financial strain is forecasted to total $202 billion annually for U.S. small firms, as they grapple with rising costs and unpredictable trade policies. States like Michigan, Idaho, and Oregon report that local manufacturers and retailers are struggling to adapt, with some even being forced to close their doors. As tariff-related price hikes loom, businesses are employing creative strategies to manage costs and maintain operations. The atmosphere of uncertainty continues to hinder the ability of these companies to make long-term plans, affecting consumer pricing and overall economic stability.
The New York Times, Bloomberg, ABC News, The Conversation, WMBF, ABC11, KCRA, KGW, KBTX News 3, First Alert 4