The newest tariffs on Chinese goods hit U.S. businesses that can’t easily pass along or absorb more costs — especially on short notice.
Figuring out how to pay another looming tariff bill isn’t the way Robert Heiblim would have chosen to spend National Small Business Week.
“I’m not Apple who can just say, ‘Well, if you want the new iPhone, it’s now $1,000,’” said Heiblim, president of Boulder International in New Jersey. “Suddenly, if you just need a whole lot more cash, it’s really disruptive.” Unlike larger firms that can more easily handle the additional costs from the tariffs, smaller firms often must pay tariffs with cash they’d otherwise spend on hiring more employees, marketing or expanding their businesses, said Heiblim, who is chairman of the Consumer Technology Assn.’s Small Business Council.
“We are going to get hit across many industries if we head down this path,” Lix said Thursday on a call with small business owners arranged by Tariffs Hurt the Heartland, an umbrella group of trade associations pushing back against Trump’s levies.
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