The Metro: Michigan businesses brace for impact from tariff hikes
More tariffs on imported goods took effect last week.
The federal government is making big money from tariff revenues, which reached $29 billion last month. It is important to note that the money is coming from American wallets.
Tariffs aren’t just numbers in a trade deal. They are hidden costs baked into the price of almost everything we buy and sell, and they have become a point of contention and anxiety with President Trump’s erratic maneuvers — announcing them, delaying them, increasing them, walking them back.
He says his new tariffs aim to protect American industries, but they are hitting small businesses and big supply chains in Michigan and beyond.
Economists warn that the state’s manufacturing base and retailers are especially vulnerable. That means higher costs for business owners, tougher choices on pricing, and potential sticker shock for many of us.
So we’re connecting the dots, from the global supply chain to the boutique sales floor with Rachel Lutz, owner of The Peacock Room, a women’s clothing and accessories boutique in Detroit, and Professor Jason Miller, interim chair of Supply Chain Management at Michigan State University.
They joined The Metro’s Robyn Vincent to explain tariffs’ local and less understood impacts.
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