Trump's Tariffs on China Cause Turmoil for US Small Businesses

U.S. small businesses are facing uncertainty due to President Trump's tariffs on Chinese imports. These tariffs, initially set at 10%, impact companies that rely on Chinese factories for cost-effective production. Businesses report bearing the cost of the tariffs, leading to potential price increases for consumers. Some companies fear making plans due to unpredictable tariffs and the difficulty of moving production out of China. Domestic alternatives are often more expensive or of lower quality. For example, Julianna Rae, a silk sleepwear company, may raise prices by $15 on a $300 pajama set. Humangear, an outdoor product company, struggled to find a U.S. factory to produce a plastic utensil. Snap Supply, an appliance repair parts business, faces potential double tariffs on foreign steel, aluminum, and imports from Mexico. Erica Campbell, owner of a Catholic goods business, worries about the increasing costs of everyday items. Trump has suggested further tariffs, including a 25% duty on imported steel and aluminum, and fees on Chinese vessels entering U.S. ports.