Reported 2 days ago
U.S. businesses are already feeling the financial strain from President Trump's tariffs, with managers reporting significant price increases and disruptions in supply chains. A toy store manager noted a 7-10% rise in costs, while a lip balm manufacturer forecasted an additional $5 million in expenses due to tariffs on imports, particularly from China. Businesses are facing uncertainty about future costs and many have canceled orders or delayed hiring due to the economic impacts of the tariffs.
Source: YAHOO