Business

Small companies will pay for Donald Trump's customs. The loss can be huge


The problem does not only apply to the customs rates themselves, which in some cases reach 50 percent, but also growing administrative requirements. Small companies, unlike large corporations, often do not have departments dealing with customs compliance or analysis of the impact of new regulations on operations. Requirements set by Customs and Border Protection Additional financial and organizational burden.

Until June 2024, American enterprises covered more than half of the costs of tariffs, the rest was incurred by foreign exporters and consumers. However, the situation is about to turn around soon. Goldman Sachs analysts forecast that Already in autumn consumers will be responsible for 67 percent. loads. Economists warn that this can increase inflation pressureespecially in sectors related to steel, aluminum and other goods covered by additional fees.

Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

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