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For most US small businesses, Trump’s tariffs aren’t the big issue they were

First publishedAug 2, 12:00 UTC
Last updatedAug 2, 13:13 UTC · 6m ago
11 outletThe Guardian US
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For most US small businesses, Trump’s tariffs aren’t the big issue they were
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Answer

Tariffs are annoying and disruptive, but this round is less impactful – and business owners are taking them in their strideRebounding from his defeat at the supreme court in February, Donald Trump has recently announced a new round of tariffs, invoking sections of various trade acts to levy amounts on industries and countries based on reasons ranging from “forced labor” to “excess capacity”.And how are small and medium-sized businesses in the US reacting?

Reported by 1 outlet The Guardian US. See all sources ↓

President Trump announced a new round of tariffs on certain imports, citing forced labor and excess capacity as reasons. He used sections of various trade laws to impose the duties. Most US small businesses say these tariffs are not a major problem for them this time, describing the reaction as a 'snoozefest'.

Why it matters

Tariffs can raise the cost of goods and affect supply chains, which influences prices that consumers pay and the expenses small firms face. Even a modest impact can affect hiring, pricing, and competitiveness.

In brief
What reasons did Trump give for the new tariffs?
He cited forced labor and excess capacity in certain industries and countries.
How are most small businesses reacting to the tariffs?
They say the tariffs are not a big issue and are taking them in stride.
Why might tariffs still matter to ordinary people?
Tariffs can increase prices for imported goods, affecting household budgets and small business costs.
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    For most US small businesses, Trump’s tariffs aren’t the big issue they were

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    The Guardian US
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