Small business owners brace for Trump’s proposed tariffs

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Trump’s proposed tariffs mean small businesses may end up paying more for goods and services.

FILE – Ashley Crafton looks at tennis shoes at at Shoe Stop while shopping during Small Business Saturday in Wesleyan Park Plaza on Nov. 25, 2023, in Owensboro, Ky.

“That was one of our big initiatives for 2025, moving all our bags to China for 15 cents a bag,” she said. “And now I don’t know if we can save any money on the bags when the tariffs go into effect.”GM adds over 132,000 heavy duty pickups to recall for tailgates that can open unexpectedly So, Orley is trying to lock in her warehouse contract for 2025 and find a third-party logistics provider for the year, “to get ahead of what’s to come and pre-planning as much as we can,” she said.

“If you have a severe anaphylactic reaction to some type of dairy or soy and you can’t find a product in the U.S. because we’re the only ones that make it, it’s going to be a lot more expensive for U.S. consumers,” Bednarski-Malik said. ”So I think these tariffs are really not only going to be penalizing, you know, other countries such as Canada, but also U.S. consumers.”

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