Since the Trump administration took office, the U.S. has rolled out a wave of tariffs that have driven up costs for goods and squeezed small and medium businesses across the country. Consumers are already feeling the impact on everyday expenses from food to gas to travel.
Businesses face mounting challenges:
- Rising operating costs
- Supply chain disruptions
- Market volatility
Several states have filed lawsuits to challenge these measures, highlighting the growing concern among lawmakers and entrepreneurs alike.
Dallas-based physical therapist and activewear founder Harrison Lewis shares how he is scrambling to find more affordable international suppliers to offset rising costs and keep his operations afloat.
Many entrepreneurs are also turning to digital platforms to diversify their supplier networks and streamline expenses. As some businesses pass on higher costs to consumers, others absorb the hit to stay competitive.
In a globally connected economy, U.S. trade policies can ripple far beyond borders. The big question for young innovators and changemakers: will these tariffs spark homegrown resilience and new forms of collaboration, or will they stall the next wave of global brands?
Reference(s):
cgtn.com
