Trump tariffs weighing small business owners

Small business owners are concerned about the chances of living by President Donald Trumps The trillions of the exchange value, which causes a possible trade war and the stock market removed.

Despite the 90-day break from the president, far from the beginning of this year, the Fentanyl emergency tariffs from the United States increased to 115% of the United States.

Sarah Wells, who began in 2013, is one of them to create funcal breast pump bags from China to mothers and imports. After a decade of a decade, he stopped updates, increased prices and now re-sorts part of the products he only once again, because the tariffs continue to do its work.

So far, Wells said that his customer base has adopted higher expenses because it is new parents, but it rose to a point “unstable.”

San Francisco Based Founder Alfred Mai Card game company Asm games, labor, materials and costs of fulfillment in recent years, materials and execution costs have been thrown to the edges of their companies because they do not want to pass the cost of consumers.

“This is amazing and almost impossible,” he said. “It’s completely devastating for my work.”

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Small enterprises have smaller profit margin, and they are the most vulnerable and “the first cave under any indication of the recession,” Pinar Cebi Wilber will be the chief economist of the capital formation of the American Council’s Chief Economist.

“As their size, they do not have the same market power as their larger colleagues, so it is difficult for their suppliers,” This reduces competitiveness against larger enterprises. “

Trump, last week applied 10% main tariffs to all imports and threatened additional interaction tariffs for US trading partners, which are more than 100%.

The management said the tariffs will restore our economy, restore our economy and finally put the American first, “he said.

Mai, Trump’s recently announced tariffs, including ongoing threats for US trading partners, the most “cruel tax increase in America Small businesses and consumers “never lived.

“You can at least receive warnings with normal taxes – you can plan.

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The wells that produce and import all their products from China are also a direct target. Despite the search for years, Wells said he could not find any manufacturers who could produce manufacturers in the United States.

“There is not completely loyalty to production in China. I would love to be in my own yard in my yard here in my back yard.”

Although the US transfer to the transfer of production, Wells, still 14 foreign producers, said that it should still be imported to develop a single shovel design.

According to Wilber, most smallest enterprises are “functional at the time of the inventory in a timely”, ie the production of the material when they need to produce.

“These types of tariffs do not increase the cost, but also complicate a reliable supply chain and keep a safe supply chain, especially when they depend on foreign producers,” Wilber said. “Again, many can control with a small gain margin, because many trust in cheap foreign supplies.

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For a small business working with many suppliers, each will be hit by tariffs, each stage will be an expense increase, and “make it impossible to include all these expenses without entering red.”

Wells had to significantly reduce inventory. The 115 articles carrying only 10 of its main products resubmit. Meanwhile, looking for mai Foreign capital To pay for future inventory in the next few months.

“It’s the money I need to use to invest in work – build new products, rent, grow, grow up. Instead, I have to close it all for tariff payments,” he said.

“No one knows what happens in this environment.”