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 \u2014 or weighing whether to take a financial hit or pass it on to customers.<\/p>\n
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.<\/p>\n
He didn\u2019t 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.<\/p>\n
There\u2019s a sense of urgency, and I\u2019m very nervous.<\/p>\n
Beatrice Barba, owner of Tabor Place, san francisco bay area<\/span><\/p>\n<\/div>\n Beatrice Barba runs Tabor Place, a San Francisco Bay Area maker of nontoxic cups and lunch boxes for children. She\u2019d intended to spend 2025 innovating new styles of her signature sippy cups, but now she\u2019s dropping those plans and stockpiling as much of her basic inventory as she can.<\/p>\n 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.<\/p>\n Barba was a little worried about Trump\u2019s tariff proposals, but she didn\u2019t expect him to win, and she doubted his commitment to imposing them if he did. Over the next couple of months, she\u2019s hoping her Chinese suppliers can churn out a single $200,000 order for the whole year \u2014 and get it through U.S. ports \u2014 before Trump takes office.<\/p>\n \u201cThat at least buys me a little bit of time to weather the storm,\u201d she said. \u201cThere\u2019s a sense of urgency, and I\u2019m very nervous.\u201d<\/p>\n<\/p>\n 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 \u2014 or weighing whether to take a financial hit or pass it on to customers. On Monday, Trump announced on […]<\/p>\n","protected":false},"author":0,"featured_media":12794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=12793"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/12793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/12794"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=12793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=12793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=12793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}