• 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

Mortgage rates see biggest one-day drop in over...

September 5, 2025

Paramount mandates 5-day-a-week return to office ahead of...

September 5, 2025

Apple has survived Trump’s tariffs so far. It...

September 4, 2025

Trump family’s American Bitcoin makes stock market debut

September 4, 2025

Disney to pay $10 million to settle FTC...

September 4, 2025

Crash victims’ families prepare to make what could...

September 3, 2025

Amazon cracks down on Prime free shipping sharing

September 3, 2025

U.S. judge orders Google to share search data...

September 3, 2025

Kraft Heinz to split into two companies

September 2, 2025

Rhode Island’s ‘Taylor Swift Tax’ on vacation homes...

September 2, 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

  • GOGL Stock Price Today: Up by 1.21% and Rising

    July 17, 2024
  • Special Counsel Smith seeks to dismiss Jan. 6 charges, appeal in classified records case against Trump

    November 25, 2024
  • First the token, now the swipe: NYC’s subway system to stop selling MetroCards

    March 19, 2025
  • Trump says he is open to extending trade deal deadline for other countries: ‘I would’

    June 12, 2025
  • House GOP’s budget impasse thaws just as winter storm sacks Capitol

    February 13, 2025

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

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

    July 19, 2024
  • 3

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,928)
  • Investing (634)
  • Stock (922)

Latest Posts

  • Reporter’s Notebook: People are policy

    December 4, 2024
  • Robert F. Kennedy, Jr. suspends campaign, backs Trump for president

    August 23, 2024
  • Tim Walz and AOC play Madden on Twitch in attempt to appeal to young male voters

    October 28, 2024

Recent Posts

  • Rep Moulton says fellow Dems ‘privately’ agree with his criticism of party

    November 15, 2024
  • Trump team’s Signal snafu sparks debate over secure comms: ‘Russia and China are listening’

    March 26, 2025
  • Jimmy Carter’s funeral will bring all five living presidents together in Washington, D.C.

    January 9, 2025

Editor’s Pick

  • Trump team ‘confident’ Senate Republicans will approve cabinet selections

    November 21, 2024
  • How Foot Locker is waging a comeback after its breakup with Nike

    September 23, 2024
  • Best crypto to buy now: Bitcoin Pepe leads meme coin frenzy

    May 19, 2025
  • 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