Tariffs Drain Resources, Stifle Growth for Businesses

President Trumps tariff system is causing significant financial and operational burdens for businesses, diverting resources from innovation and growth. CEOs are spending enormous amounts of time navigating tariffs instead of focusing on core business development. The Justice Departments focus on customs fraud prosecution adds to the pressure, creating a shortage of skilled trade professionals. The uncertainty surrounding tariff policy makes long-term planning difficult, affecting companies willingness to invest in new equipment or expand operations. Small businesses are particularly hard hit, with CEOs like Cassie Abel of Wild Rye spending hundreds of hours on tariff-related tasks instead of product innovation or new hires.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.