Logistics CEO Warns Trump’s Tariffs Could Sink 80% of Small Firms Buying from China
The Impact of Tariffs on Small Businesses and Economic Stability
The recent implementation of a staggering 145% duty on Chinese imports is more than just a headline; it’s a potential tipping point for many American businesses. Ryan Petersen, the CEO of Flexport, raised this alarming possibility during a recent episode of The Prof G Pod, asserting that this drastic measure could lead to "mass bankruptcies." His insights prompt us to ask: what happens to small businesses when the market suddenly shifts beneath their feet?…