Many businesses are beginning to disclose tariff costs on price tags to enhance transparency and retain customer trust as prices increase. Jared Fisher, a bike shop owner, opted to clearly show a "Government Tariff Charge" on his products, elucidating the impact of tariffs on retail pricing. This decision aligns with broader concerns from small businesses that lack the negotiation power larger corporations possess. Experts suggest that this heightened consumer awareness of tariffs could affect public opinion regarding the current administration's economic policies, notably impacting Trump's polling rates.
"If you cut 10% into a bicycle margin, then you might as well get ready to have your exit strategy for your business because you're not going to be able to operate."
"I have no problem labeling where this tax is coming from on my products. People need to know that so I have a fighting chance on my end."
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