Fresh Tariff Games Are Leaving Small Businesses Dazed
bloomberg.com14 points by petethomas 4 hours ago
14 points by petethomas 4 hours ago
Well that's confusing, small businesses by there very nature are local businesses and there supply chains has very little to nothing to do with internationals tariffs.
But Bloomberg has to fearmonger that's there way.
Can you explain more about how local businesses necessarily use only locally-produced materials, all of which are sourced entirely locally?
I have a friend whose has a small business refinishing old furniture. He's had to increase prices because everything from tools to chemicals have new taxes / tariffs.
Your ether daft or lying nether is a good look.
They buy from local or state distributors who are national sized companies. The distributors may or may not buy from China and Mexico.
No small business is buying napkins and straws directly from China they most certainly are not buying food from outside of the country as the USA is the #1 food exporter in the world.
The number one small business on the planet is the local restaurant. They only buy from distributors that are one shop stops from food to straws/napkins/cups/plates and that is always local or state companies.
The number one reason small businesses go out of business in two to three years is poor management. That is 100% why your "friend" is having issues not because of tariffs.
"The cost of an item has no relationship to its sale price" --Economics knower bradac56
Not every small business is a lemonade stand. I bet plenty of them resell or install equipment that is manufactured overseas. For example, I recently got a quote for solar panels and batteries and the price went up just in a few day period due to tariffs. Even with everyone in the chain absorbing some of the cost, there was $1,800 left over for me to eat. The vendor seemed stressed about the situation. Were they fearmongering?
That makes no sense. Small businesses can get their merchandise and raw materials from anywhere in the world, just like large businesses.
No they do not. They buy from local or state distributors who are national sized companies. They may or may not buy from China and Mexico.
But no small business is buying napkins and straws directly from China.
>They buy from local or state distributors who are national sized companies.
Why do you believe they're not affected by tariffs? Do you know what a tariff even is?
So your claim is that only the first hop of a supply chain is affected by tariffs?
Maybe you should check your preconceptions when they don't align with actual reality, instead of accusing journalists out in the real world, collecting testimonies and observing the way things are, of lying.