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Small Business Impact

All articles tagged with #small business impact

U.S. import ban on Canadian goods takes effect as trade standoff intensifies
politics19 days ago

U.S. import ban on Canadian goods takes effect as trade standoff intensifies

A U.S. ban on specific Canadian imports, valued at approximately $19.9 billion, took effect on Tuesday. The restrictions target dairy, alcohol, and certain vehicles. President Trump predicted Canada would drop its tariffs within three to four weeks, while Canadian officials rejected the timeline, stating they will not sign a deal that harms their economy. Small businesses in border regions are already facing shortages as the dispute continues.

Aluminum tariffs and dairy bans ripple through Upstate NY and Canadian supply chains
economy23 days ago

Aluminum tariffs and dairy bans ripple through Upstate NY and Canadian supply chains

Trump’s 50% tariffs on Canadian steel and aluminum are raising costs for New York businesses, while new import bans on Canadian dairy and beer threaten to disrupt protein supply chains. A North Albany cidery faces a 30% increase in canning costs due to Canadian aluminum sheets, and Canadian whey retailers face soaring prices amid a global shortage. New York Senator Kirsten Gillibrand has introduced legislation to repeal the tariffs, but trade talks collapsed in August, and new import bans take effect on September 29.

US-Canada Tariff Escalation Hits Small Businesses and Honey Producers
economy1 month ago

US-Canada Tariff Escalation Hits Small Businesses and Honey Producers

The US-Canada trade dispute has intensified with new 50% tariffs on 110 Canadian product categories, including furniture and steel, effective September 15, 2026. Small businesses report declining sales and rising costs, while Canadian honey exporters face a 50% US tariff that threatens the industry. Canada has retaliated with its own tariffs and is accelerating efforts to diversify away from US economic dependence.

Ottumwa Pizza Ranch owner reports 50% business drop after measles exposure listing
health-and-community1 month ago

Ottumwa Pizza Ranch owner reports 50% business drop after measles exposure listing

The Iowa Department of Health and Human Services identified Ottumwa’s Pizza Ranch as a potential measles exposure site for August 14, 2026. Owner Curt Hopkins reported a 50% decline in business following the announcement, emphasizing that the restaurant did not cause the illness. State officials confirmed 17 measles cases in Iowa this year, with 13 patients unvaccinated. Health experts urge vaccination to prevent further spread, noting that unvaccinated individuals face a 90% risk of infection.

Billions in Tariff Refunds Flow to Corporations, Leaving Consumers to Absorb the Cost
business1 month ago

Billions in Tariff Refunds Flow to Corporations, Leaving Consumers to Absorb the Cost

Following a Supreme Court ruling that declared global tariffs illegal, the US government has refunded approximately $100 billion to importers. While major corporations like Walmart, Target, and Apple have received hundreds of millions in payouts, most are not passing these funds back to consumers. Instead, companies are using the money to offset rising energy costs or boost profits, leaving shoppers to bear the burden of higher prices paid during the tariff period.

Local Business Owners Distance Themselves from Shop Local Raleigh Over Social Media Comments
local-news9 months ago

Local Business Owners Distance Themselves from Shop Local Raleigh Over Social Media Comments

A social media comment by Jennifer Martin, executive director of Shop Local Raleigh, criticizing transgender individuals sparked backlash among Raleigh's small business community, leading to calls for accountability, a petition, and some businesses distancing themselves from Shop Local Raleigh, highlighting ongoing issues of diversity and inclusion.