• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Rush orders, cut costs, crossed fingers: How small businesses are preparing for tariffs

by December 2, 2024
written by December 2, 2024

President-elect Donald Trump is wasting little time affirming that tariffs will be a Day One priority. With his inauguration less than two months away, small businesses are already making moves to avoid expected cost increases — or weighing whether to take a financial hit or pass it on to customers.

On Monday, Trump announced on Truth Social that he plans to implement 25% tariffs on all goods from Mexico and Canada, plus an additional 10% tariff on goods from China.

He didn’t reiterate his calls on the stump for blanket tariffs on imports from practically everywhere, and some experts predict his proposed trade barriers would face legal challenges. But despite the uncertainty, small businesses that had eyed the plans nervously during the campaign say the clock is ticking to insulate themselves as best they can.

There’s a sense of urgency, and I’m very nervous.

Beatrice Barba, owner of Tabor Place, san francisco bay area

Beatrice Barba runs Tabor Place, a San Francisco Bay Area maker of nontoxic cups and lunch boxes for children. She’d intended to spend 2025 innovating new styles of her signature sippy cups, but now she’s dropping those plans and stockpiling as much of her basic inventory as she can.

Her entire product line is made in China, because none of the 80 domestic manufacturers she contacted when she launched the business around six years ago could execute her borosilicate glass designs.

Barba was a little worried about Trump’s tariff proposals, but she didn’t expect him to win, and she doubted his commitment to imposing them if he did. Over the next couple of months, she’s hoping her Chinese suppliers can churn out a single $200,000 order for the whole year — and get it through U.S. ports — before Trump takes office.

“That at least buys me a little bit of time to weather the storm,” she said. “There’s a sense of urgency, and I’m very nervous.”

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Republicans react to Biden’s ‘No one is above the law’ post following Hunter pardon
next post
Republicans hammer Biden’s ‘No one is above the law’ claim following Hunter pardon: ‘Aged like fine milk’

related articles

U.S. foreign tax bill sends jitters across Wall...

May 30, 2025

Amazon taps Xbox co-founder to lead new team...

May 30, 2025

Nvidia results spark global chip rally

May 30, 2025

Boeing to resume airplane deliveries to China next...

May 29, 2025

E.l.f. Beauty to acquire Hailey Bieber skin care...

May 29, 2025

Dick’s Sporting Goods stands by full-year guidance —...

May 28, 2025

Macy’s CEO says retailer will hike some prices...

May 28, 2025

23andMe to delist from Nasdaq, deregister with SEC

May 28, 2025

Walmart fined for shipping realistic toy guns to...

May 28, 2025

Why Trump’s iPhone tariff threat might not be...

May 25, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • MaxLinear stock plunges 30% after Q2 earnings miss, Needham downgrades: What investors need to know

    July 25, 2024
  • Trump’s House allies unveil bill ‘hand in hand’ with DOGE crackdown

    February 11, 2025
  • ‘Squad’ Dems to rally for Cori Bush as she fights for her political life

    August 5, 2024
  • Walmart issues recall of apple juice sold in 25 states over elevated arsenic levels

    August 27, 2024
  • House unanimously votes to create Trump assassination attempt commission

    July 25, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,735)
  • Investing (624)
  • Stock (775)

Latest Posts

  • Hunter Biden faces questions ahead of president’s primetime address: ‘It’s all good, man’

    July 24, 2024
  • Direct aid to Israel should be phased out to ‘reduce US leverage,’ influential conservative groups argue

    March 13, 2025
  • ‘Great meeting’: Tim Scott reveals Trump’s ‘all in’ to help GOP protect majority in 2026 midterms

    November 22, 2024

Recent Posts

  • Ric Grenell under consideration to be Trump’s point man on Ukraine: report

    November 23, 2024
  • US Embassy in Thailand warns Americans of ‘violent retaliatory attacks’ risk after Uyghurs deported to China

    February 28, 2025
  • 5 new Uber features you should know — including a way to avoid surge pricing

    May 15, 2025

Editor’s Pick

  • His brothers’ keeper: Liran Berman calls for urgent action to save his brothers, Gali and Ziv, from Hamas

    March 27, 2025
  • Here’s why dozens of lawsuits seeking to quash Trump’s early actions as president are failing

    February 27, 2025
  • Optimus, Elon Musk’s Tesla Robot to Be Released This Year

    July 10, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock