US Edition'Uncertain times:' A small business owner talks about the impacts of Trump's tariffs
- Tariffs create significant impacts for small businesses across different sectors.
- Governments charge tariffs as taxes on imported goods, increasing their cost.
- Businesses relying on overseas suppliers face higher expenses for items and materials.
- Most small businesses operate on slim five percent margins.
- Increased costs may force businesses to raise prices or reduce product availability.
23 Articles
23 Articles
Mexican Automotive Industry’s Small Businesses Cope with the Tariff War · Global Voices
In the face of the tariff war against the Mexican automotive sector, declared by the president of the United States, Donald Trump, small and medium-sized enterprises (SMEs) in the sector struggle to stay in the market. This is the case of Artlux, 100 percent Mexican and, like many small and medium-sized enterprises (SMEs), it opens way in a market that could reach 16 billion dollars.
'Uncertain times:' A small business owner talks about the impacts of Trump's tariffs
President Donald Trump's trade and tariff policies are sending shockwaves through the economy not just on Wall Street and for big corporations, but for small businesses, too.Scripps News spoke with Walt Rowen, president of the Susquehanna Glass Company, about how policies from Washington are affecting smaller businesses, which often already operate on slim margins."Pretty much anybody that is going to be affected by tariffs are going to raise pr…
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