Small businesses struggle with high costs: tariffs and health insurance.

Small business owners like Shirley Modlin of 3D Design and Manufacturing in Virginia are struggling with increased operational costs due to tariffs, health insurance, and energy expenses. The average effective tariff rate for U.S. importers is at its highest level since the 1930s, impacting businesses significantly. The impending expiration of ACA health insurance subsidies is also a concern, as it could lead to higher premiums for millions of Americans. Small business owners are facing tough decisions regarding offering raises or increasing health insurance benefits amidst rising costs.

Want More Context? 🔎