Preparing for tariffs can indeed be tricky for small businesses as it often leads to higher costs for imports, potentially affecting profitability. However, here are some strategies some small businesses are employing:
1. Rush Orders: By speeding up their orders, businesses can stock up on necessary goods or raw materials before the tariffs come into effect. This could save them substantial amounts in the long run.
2. Cutting Costs: Businesses are trying to cut costs wherever possible to offset the potentially higher expenses brought on by tariffs
