The tariffs imposed by the Trump administration on Chinese goods have left many American importers in a precarious position. Small businesses importing fireworks, ski apparel, and other products are particularly affected. One CEO described the situation as the ‘end of days’ for their business. Analysts warn that the ongoing tariff war could lead to irreversible damage for numerous U.S. companies, especially those operating on Amazon’s platform. These tariffs are impacting not just large corporations but also Main Street businesses across the country.
— new from The New York Times