US-China Tariff Deal: Small Businesses Face Summer Sales Crisis

US-China Tariff Deal Disrupts Small Businesses: Summer Sales Hit Hard The recent agreement between the US and China to lower tariffs to 10% for 90 days has unexpectedly disrupted operations for many small businesses. The impact is most keenly felt by those reliant on timely imports, particularly for seasonal goods. The situation highlights the often-overlooked consequences of trade wars on smaller enterprises. "I've interviewed many small business owners who are facing a crisis," says Joey Contino, a commentator on international trade. "They either had to cancel orders or face delays that ruined their summer sales." This underscores the difficulties of navigating the complexities of international trade, especially for smaller players who lack the resources to absorb such shocks. The situation serves as a reminder of the intricate connections within the global economy and the ripple effects of even seemingly minor adjustments in trade policy. While the 90-day period is intended for negotiation, the immediate impact on small businesses underscores the need for careful consideration of the broader implications of trade agreements.