From Yahoo Finance: 2025-03-29 06:41:00

San Francisco’s Chinatown businesses are struggling with a 20% tariff on China imports. Shop owners like Edward Lau are concerned about raising prices and losing customers. With supply chain disruptions and higher costs, small businesses face cash flow challenges and lower profit margins, impacting their survival against larger competitors.

Tariffs are directly increasing costs for imported goods in Chinatown and across the country, affecting small businesses. Supply chain disruptions make some imports scarce or expensive. Owners are forced to raise prices or adjust strategies, impacting customers who may turn to larger competitors with lower prices and better economies of scale.

To cope with rising costs and support small businesses, consider buying locally sourced alternatives, comparing prices, using coupons, and choosing generic brands or bulk purchases. Cash-back credit cards and purchasing vintage or refurbished items can also provide savings. Making small lifestyle adjustments can help absorb increased expenses while supporting local businesses.

Read more: San Fran’s Chinatown shops struggle to survive as tariffs drive up costs