‘So Much Uncertainty’: Businesses Worry About Trump’s Many Tariff Plans
Published On Jan 19, 2025, 5:00 AM
The article discusses the potential impacts of President-elect Donald J. Trump's proposed tariffs on imports. Various retailers, including a small general store in Massachusetts, express concern that these tariffs, which could reach as high as 200% on products from certain countries, could significantly raise prices on foreign-made goods and threaten their profitability. Trump aims to use these tariffs to encourage U.S. manufacturing and achieve several political goals, but businesses worry about the immediate financial consequences.
Stock Forecasts
XRT
Negative
With the impending tariffs likely raising operational costs for retailers, this could negatively affect profit margins across many sectors, especially in consumer discretionary and retail brands. Companies that rely heavily on imports may face significant challenges.
Related News
Small business optimism jumps to 6-year high following Trump win
Jan 14, 2025, 6:00 AM
Small business owner optimism surged to a 6-year high in December, driven by high hopes for the economy following President-elect Trump's win, according to the NFIB.
States where minimum wage will rise in 2025
Dec 31, 2024, 2:39 PM
Nearly half the states in the U.S. are raising their minimum wages in 2025, meaning pay hikes for more than 9 million workers, according to a new report.
Bankruptcies were significant in 2024; here are some of the biggest
Dec 30, 2024, 8:00 AM
Bankruptcies played a significant role in economic news in 2024 with retailers, restaurants and an airline all looking for bankruptcy protection to keep from having to shut down entirely