#Economy & #Stocks Review - Tariffs Affecting Small Businesses?

E&S Review

Much of today's economic data, including officially collected and produced time series, is highly unreliable. Statisticians use well-documented techniques such as geometric smoothing, seasonal adjustments, substitution, double counting, and hedonic adjustments to modify economic outcomes dating back to the 1980s. Politicians and central bankers often leverage these techniques for political gain.

Data manipulated by these statistical methods are frequently revised without clear notification to the public, especially when administrations or public policies change.

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Tariffs Affecting Small Businesses?

Small business owners warn that Trump’s tariffs are raising prices on holiday goods and pushing many small firms toward bankruptcy. Retailers say they are struggling with higher costs, supply-chain disruptions, and razor-thin margins they cannot use to absorb tariff hikes. Some, like long-time holiday-goods sellers and toy manufacturers, report tariff bills nearing $1 million and say they are “working for tariffs” rather than profit. Many expect even steeper price increases next year without relief.

A recent survey shows most small businesses fear tariffs will hurt holiday spending, with nearly half having raised prices and three-quarters worried about surviving the next year. While owners describe the situation as dire, the White House maintains that foreign exporters ultimately bear the costs and argues the tariffs will secure better trade deals and encourage U.S. investment.

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