Recent data from the Labor Department has shown that the price of foreign exports to the U.S. — before tariffs — has held steady over the last few months. That means U.S. importers are absorbing most of the tariff burden.
The pandemic slowed down business. Now with tariffs, Kathryn Lundeen, owner of Lundeen’s Gifts in Culver City, California, feels even more uncertain about the future of her business.