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Small businesses feeling effect of tariffs


Published on 2025-05-06 22:20:56 - WCAX3
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  • A new report from the Joint Economic Committee says tariffs and economic uncertainty are already hurting small businesses.

The article from WCAX on May 6, 2025, discusses the impact of recent tariffs on small businesses in Vermont. These tariffs, imposed on imported goods from several countries, have led to increased costs for small business owners, particularly those reliant on imported materials and products. Business owners like Sarah Johnson of a local boutique and Mike Thompson of a hardware store have reported having to raise prices, which has affected their customer base and overall sales. The article also mentions that some businesses are exploring alternative suppliers or domestic sourcing to mitigate the effects, but these options come with their own challenges and costs. Local economic experts suggest that while the tariffs aim to protect domestic industries, they inadvertently put pressure on small businesses, potentially slowing economic growth in the region.

Read the Full WCAX3 Article at:
[ https://www.wcax.com/2025/05/06/small-businesses-feeling-effect-tariffs/ ]