'Costly lump of coal': Trump's signature policy stiffs small businesses with massive costs
President Donald Trump and his allies have repeatedly claimed that his tariffs are paid exclusively by foreign countries exporting goods into the US, but the reality remains that the costs are paid by the companies importing goods into the country and are most often passed down to consumers. Now, a new report from Fortune has found the full impact on small businesses, with tariffs siphoning thousands of dollars out of them every month.
Fortune reported the findings of the Center for American Progress (CAP)...