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Tariff Policies Raising Expenses for Small Businesses

The cost of doing business is becoming particularly expensive for many small business owners who don’t have the volume of business that can help overcome margin challenges caused by increased expenses from tariffs. Some entrepreneurs have been forced to raise their prices to reflect their additional expenses, causing a trickle-down effect that impacts consumers. A majority of the women’s clothing and accessories carried by Detroit-based retailer The Peacock Room are made overseas, so the impact of tariffs