How much Trump tariffs are costing small businesses

October 17, 2025

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1 min read

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CNBC

Small businesses are struggling under President Trump's global trade war, with some warning they may have to close their companies if consumer demand falls.

Andrew Harnik | Getty Images Viresh Varma can't sleep. The CEO of AV Universal Corp., a small footwear company that sells through retailers like Macy's , Nordstrom and DSW , said he needed to take out a $250,000 loan to pay his tariff bill on a conta... [14337 chars]

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