Tariff Policy Increases Pressure on US Small Businesses as Tax Payments Surge Sixfold

Published: Apr 15, 2025 09:23

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Tax Payments Surge Sixfold, US Small Business Owners Say Tariff Policy Brings Great Pressure

Some small business owners in the US have stated that the tariff policy implemented by US President Trump has filled their future with uncertainty. Rosalyn Goodwin, a business owner from South Carolina, said that the tariffs they pay have increased from less than $1,000 to nearly $6,000, which is even higher than the amount of the orders themselves, making the situation very unpredictable and placing significant pressure on small businesses. Goodwin mentioned that one of the pressures is that high tariffs have forced them to raise costs for consumers, which is not a viable option when competitors' selling prices are much lower. Goodwin stated that high tariffs now "bring great uncertainty to future purchase orders.

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