Reported about 15 hours ago
President Trump's 145% tariffs on Chinese imports may severely affect American small businesses, particularly those like Retuned Jewelry, whose materials are predominantly sourced from China. As these businesses face increased costs, they may have to raise prices, cut staff, or risk closing down. Experts emphasize that small firms have limited resources to adapt to these changes and that the domestic production capabilities needed to replace imported goods are lacking.
Source: YAHOO