How some big businesses could escape fallout from Trump’s ‘blanket’ tariffs

Published On Oct 22, 2024, 4:00 AM

The article discusses the potential impact of Trump's proposed universal tariffs on big and small businesses, highlighting that larger corporations, like Apple, may have greater access to tariff exceptions due to their connections and political influence. In contrast, smaller businesses may struggle more under these tariffs without similar support. The ongoing political campaigning, especially by Kamala Harris, is emphasizing the negative economic consequences that could stem from these tariffs, which could lead to higher prices for consumers.