US growth forecast to be hit hardest from Trump tariffs, IMF says

Date:

Small shop owners will struggle to cover tariff costs, businessman warnspublished at 20:45 British Summer Time

Caitriona Perry
Chief presenter, reporting from Ohio

A man smiling at the camera wearing a black tshirt that says support local. He stands in front of shelves full of comic books

A giant Darth Vader greets customers to Alter Ego Comics in downtown Lima, Ohio.

This store is a mecca for collectors and its owner, Marc Bowker, ships his figures, replica models, comics and books right across the US.

The only things made in America in the store, he jokes, are he and his co-worker.

All his products come from abroad – the figures and collectibles from mostly China, the majority of the comics are printed in Canada.

He’s already had what he calls “tariff emails” coming from a variety of manufacturers, warning of increases in prices from 14% to 35%.

He’s regretfully, he says, going to have to pass some, if not all of those costs, onto his customers.

“Small retailers like me, we can’t absorb all of the tariff fees that are being passed on…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...