Marketplace The consequences of tariff uncertainty
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Jul 7, 2025 Tariff uncertainties are putting a strain on businesses, affecting profits and consumer confidence. Retailers share their struggles while navigating fluctuating trade policies. Small businesses in Altadena are working hard to recover from recent disasters and face ongoing challenges. Additionally, economic anxiety is causing consumers to rethink their spending habits, creating a ripple effect in the market. The emotional and financial impact of these changes is felt deeply across various industries.
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Deerstags' Tariff Struggles
- Deerstags had to stop a $1 million shipment due to a 145% tariff on Chinese goods, causing lost sales.
- Higher costs forced them to cut advertising and delay investing in new software systems.
Tariff Uncertainty Freezes Business Investment
- Business uncertainty from ongoing trade policy delays causes a holding pattern in investment.
- This leads to less advertising, hiring, and construction, hindering growth.
Retail Sales Drop Amid Uncertainty
- Nicole Panateri's boutiques in NYC saw a 20% June sales drop, an unprecedented decline in 11 years.
- Facing ongoing uncertainty, she is cutting hours, staffing, and may close a store.