‘I’m Not Apple’: Small Businesses Squeezed by Trump’s Tariffs
- Higher tariffs on Chinese imports land on Small Business Week
- Costs hitting firms that can’t afford it on very short notice
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Figuring out how to pay another looming tariff bill isn’t the way Robert Heiblim would’ve chosen to spend National Small Business Week.
Heiblim and his 25-employee company now face paying a 25% duty -- up from 10% -- on almost half of the consumer electronics they have made in China as the trade war between the world’s two largest economies escalates. Their predicament came about all too quickly.