Business|NPR Topics: Business|Apr 7
A year after 'Liberation Day,' Trump's tariffs are taking a toll on small businesses
PAULINA GAMINO: And so now we're talking about brand-new toys that maybe would have been $25 - now, it's like $40, $45 for a brand-new toy. According to an analysis of Census Bureau trade data by the small business advocacy group We Pay the Tariffs, the emergency tariffs Trump imposed last year have cost American businesses more than $150 billion. LUIS TORRES: You can see those comments of how those costs, those tariffs, you know, they've impacted them, causing increased selling prices, margin losses, also the uncertainty surrounding them.
4 min