US businesses are already experiencing the financial impact of tariffs imposed by the Trump administration. These tariffs are leading to increased costs for a variety of goods, including electronics, clothing, and even coffee. As a result, companies are faced with the decision of whether to pass these higher costs onto consumers.
The tariffs are expected to cause prices to soar, affecting both businesses and consumers significantly. Many firms are considering raising prices to maintain profit margins amidst the rising expenses. This situation is prompting discussions about the broader economic implications of such trade policies.
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