'Uncertain times:' Trump's tariffs hit small businesses скачать в хорошем качестве

'Uncertain times:' Trump's tariffs hit small businesses

President Donald Trump's trade and tariff policies are sending shockwaves through the economy not just on Wall Street and for big corporations, but for small businesses, too. Scripps News spoke with Walt Rowen, president of the Susquehanna Glass Company, about how tariffs from Washington are affecting small businesses, which often already operate on slim margins. "Pretty much anybody that is going to be affected by tariffs are going to raise prices," Rowen said. "Very, very few companies, especially small businesses who deal in smaller margins to begin with, just don't have the excess capital to just absorb that extra — even if it's 10%. That's a big number for an awful lot of people. Most small businesses are working on a 5% margin, if that. So it's something they cannot just absorb." Trump's tariffs brought new uncertainty to small businesses. "If you don't know how much something is going to cost, then you can't plan in terms of when you're going to bring it in," Rowen said. "You don't know how much you're going to sell of the item because if it's going to be more expensive than it was last year, it will affect how much you'll sell this year. So most of the small business folks that we talked to are just in a real — just uncertain times, which for business people is just difficult." ------------------------------------- Join our newsletter at https://bit.ly/2q1tepr Follow us on Facebook:   / scrippsnews   Follow us on Twitter:   / scrippsnews   Follow us on Instagram:   / scrippsnews   Follow us on TikTok:   / scrippsnews