Hey everyone! The US business scene is buzzing with concerns as small business owners warn that rising tariffs are putting them in a tough spot. 😮 At a recent Senate hearing, Julie Robbins from EarthQuaker Devices shared how tariffs are squeezing liquidity and threatening bankruptcy for many, with export sales in key markets like Europe, Australia, Canada, and Japan taking a big hit.
Across the board, retail giant Walmart reported mixed Q1 results. Despite beating earnings estimates, Walmart’s CFO warned that even reduced tariffs on Chinese imports can’t fully cover the cost increases. This means you might soon see higher prices on everything from your favorite gadgets to everyday essentials. 😕
For tech-savvy young professionals in South and Southeast Asia, this story is a reminder of how global economic policies can ripple across borders—impacting supply chains and consumer prices everywhere. It’s a wake-up call to stay informed and adaptable in today’s fast-paced world.
As debates over tariff policies continue, many are hoping for a balanced approach that supports small businesses and keeps prices affordable worldwide. Stay tuned for more updates on this unfolding economic saga!
Reference(s):
U.S. small businesses 'at risk of bankruptcy' due to tariff policy
cgtn.com
