Marketplace Taxes due today on goods sold tomorrow
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Apr 28, 2025 Retailers are grappling with rising prices due to tariff-induced sticker shock, while some rush to establish foreign trade zones to navigate uncertainty. A flower delivery business shares how Trump's trade war impacts their strategy amidst shifting market conditions. The job market remains tight with demand in healthcare and renewable energy, but hiring is cautious due to economic turbulence. New Yorkers are buzzing about congestion pricing, which could fund public transit improvements and help low-income residents.
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Preemptive Price Hikes on Tariffs
- Companies are raising prices preemptively to cover future tariff costs.
- Many firms face a breaking point where tariff-related price increases are unavoidable.
Foreign Trade Zones Explained
- Foreign Trade Zones let businesses defer tariffs until goods enter U.S. markets.
- Though Trump administration ended some deferral options, FTZs still offer important cost and cash flow management.
Flower Business Battles Tariffs
- Christina Stemble's flower business faced pandemic closures, bank failures, and tariff chaos.
- Despite hardships, she is committed to running her small business long-term with renewed calmness.