How Businesses Are Dealing With Impending Tariffs
6 Articles
6 Articles
Triad businesses prepare to be impacted by tariffs
(WGHP) -- Everyday items and specific purchases you typically don't consider have already seen price increases due to reciprocal tariffs imposed by President Donald Trump. Saying 'yes' to the dress is every bride's dream. That dream could become more expensive because of Trump's tariffs that are expected to go into effect. Carolina Bridal World in Burlington has already seen some price increases. Floor manager Isley Crook says the cost of dresse…
Amid Global Trade Tensions, One California Community Hopes to Weather Tariffs’ Impact
LINCOLN, Calif.—As one of Northern California’s rapidly growing suburban communities, the city of Lincoln still relies on its mom-and-pop businesses for economic strength. Many of these small, often family-owned businesses focus on local markets and primarily source their products and supplies from the surrounding community. Tom Indrieri, the CEO of the Lincoln Area Chamber of Commerce, considers this to be a positive aspect of the current impor…
Two in five business exporters face negative impact from tariffs - Credit Connect
The British Chambers of Commerce (BCC) has warned that a 10% tariff on goods exported to the US will hit UK traders, with two in five businesses which export to the US saying they will suffer a ‘significant negative impact’ from charges. Around a third of British businesses exposed to tariffs are planning to raise their prices, while 15% plan to explore alternative suppliers. Despite concerns over the 10% tax, 40% of UK firms polled said the tar…
Act Now: Avoid the Upcoming LED Tariff Increases
Businesses planning energy efficiency projects using LED lighting should act quickly to avoid significant cost increases. The U.S. government has announced new tariffs on LED lighting components and related materials, which will take effect on May 1, 2025. These tariffs are expected to increase the cost of LED components by 20-30%, directly impacting project budgets and timelines.
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