How Tariffs Jeopardize Small Businesses in Today's Economy
Impact of Tariffs on Small Businesses
President Trump's unpredictable tariffs are creating immense pressure on small businesses nationwide. Owners like Marissa Held-Nordling and Beth Benike share personal stories illustrating the harsh realities they face. Marissa, who owns a children's boutique in Minnesota, fears an inability to maintain inventory. Meanwhile, Beth, recognized as Minnesota's "Small Businessperson of the Year," worries that rising costs from tariffs may lead to losing her home.
Economic Analyst Insights
Economic analyst Kyla Scanlon emphasizes that these tariffs are adding an unnecessary burden to small enterprises, disrupting the balance of operational costs and profitability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.