Rush orders, cost savings, crossed fingers: How small businesses are preparing for tariffs
Rush orders, cost savings, crossed fingers: How small businesses are preparing for tariffs
www.nbcnews.com Rush orders, cut costs, crossed fingers: How small businesses are preparing for tariffs
One California stationery seller is considering adding a tariff line item to her products so customers can see what she’d otherwise charge them.
Summary
Small businesses are preparing for potential tariffs on imports from Mexico, Canada, and China by stockpiling inventory, negotiating with suppliers, and considering price increases.
Some businesses are exploring alternative suppliers or reducing product offerings to mitigate the impact of tariffs.
While some businesses see an opportunity to promote domestic production, others are concerned about the potential for increased costs and reduced profits.
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