Iowa small businesses prepare for Trumps proposed tariffs [Video]

WEST DES MOINES, Iowa — On this Small Business Saturday, some business owners are concerned about the effects President-elect Donald Trump’s potential tariffs could have on them.

Next year, it could cost Sassy’s Boutique owner Cindy Boeyink more to buy her apparel imported from Canada and Mexico. Trump is eyeing a potential 25% tariff on goods from Mexico and Canada or a 10% tariff on all imported goods.

“Ever since COVID, our shipping costs have really skyrocketed,” Boeyink said. “So additional tariffs would be even more scary for our business.”

Iowa State University economics professor Chad Hart said clothing, electronics and produce would be most impacted if the tariffs occur. He explained that the tariffs would generate money for the federal government.

“These tariffs can be used to create revenue,” Hart said. “So there is a …