The economic impact of tariffs: How local businesses can plan ahead

Economic uncertainty affects everyone, but how do tariffs impact small businesses in particular? Recent news about import duties, interest rates, and taxes can feel like a roller coaster. Still, with preparation and agility, savvy business owners can make the most of whatever the economy brings.

Square takes a closer look at how local businesses can continue to build customer loyalty and work to maintain profitability in the face of economic uncertainty.

Understand and optimize your cost structure

Tariffs are taxes that companies and individuals pay when importing certain goods from other countries. For example, if you're a retailer and buy a product for $100 from a country where a 25% tariff applies, you would have t

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