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News in English (USA) / 06.04.2025 / 16:00

Tariff Turmoil: Small Businesses Brace for Economic Impact

Small businesses across the United States are facing significant challenges due to a new wave of tariffs announced by President Trump. Owners from various states are expressing concerns about the immediate and long-term effects on their operations. In Massachusetts, local businesses are already reacting to the implementation of tariffs, with many bracing for increased costs on goods. Chicago consumers are stockpiling groceries as inflation is expected to rise due to these economic changes. While some business owners remain cautiously optimistic about potential benefits, the majority fear job cuts and reduced sales. Experts indicate that the tariff impacts will likely be substantial, affecting everything from furniture makers to local breweries. Residents of North Carolina and Iowa have voiced particular worries as the tariffs threaten to raise prices on everyday necessities, prompting strategic adjustments from business owners in response to the evolving economic landscape.
The New York Times, WCVB, WLOS, ABC7 Chicago, New York Post, Charlotte Observer, Axios, ABC News, KCCI, KGAN