The Impact of Tariffs on Small Businesses

Tariffs, particularly those proposed by the Trump administration, pose a significant threat to small businesses like Jason Juno's skincare company, Bear Botanics. He expressed concerns about the possibility of high tariffs on imported goods from China, which could dramatically increase operational costs. The potential for a 60% tariff means that a product priced at $9 could soar to $12, creating potential barriers to sales and competitiveness on platforms like Amazon. This situation illustrates the broader implications of tariffs on small business owners who lack the flexibility to absorb increased costs without risking their profitability.