Detroit City Wire

Small businesses across the United States are grappling with the uncertainty surrounding potential tariffs on imported goods, parts, and raw materials. These measures have led to widespread concern about increased costs and reduced profit margins.

Franco Salerno, co-owner of Darianna Bridal & Tuxedo in Warrington, Pennsylvania, shared that his business is already experiencing the impact of anticipated tariffs. "As we speak, we are printing out new price tags," he said. Dress designers have informed him of impending price hikes to accommodate potential tariffs.

The issue is not isolated to retail. Traci Tapani from Wyoming Machine in Stacy, Minnesota, expressed concerns about competitiveness due to rising costs. "We are already starting to see price increases because this is an uncertain time," she noted.

Mary Gordon from Central Safety Equipment in Burlington, New Jersey, highlighted challenges small businesses face due to limited buying power and influence. "Coupled with rising import costs, we could face losing key business opportunities," she stated.

Stephanie Boms of Nessel in Connecticut explained their strategy for handling cost increases by spreading them across the supply chain rather than passing them entirely onto customers. "There is a complete lack of clarity on what’s happening," Boms remarked regarding tariff uncertainties.

Marie Olberding from Select Arc Inc., based in Fort Loramie, Ohio, echoed concerns about growth and hiring being impacted by these economic pressures. Brittany Hizer from Pluie Inc., a Texas-based company affected by steel and aluminum tariffs, noted that they are already seeing small businesses close ahead of tariff implementations.

James Martin from Dancing Muse Costume Shop in Keizer, Oregon voiced concerns over how rising prices might affect consumer spending on non-essential goods like those he sells.

Despite these challenges, some business owners remain determined to adapt. Frank Saito of K & S Technologies in San Diego acknowledged the necessity of increasing prices but emphasized compliance with government regulations: "Whatever the government does, I have to follow the law."