Trump’s Trade War: How His Tariffs Are Hitting Your Business and Your Bank Account How Trump's Tariffs Affect All Types of Businesses, Including Online Businesses Since the implementation of tariffs during President Donald Trump's administration, businesses across various industries have been impacted—both in the U.S. and globally. These tariffs, often referred to as trade taxes or duties, are imposed on imported goods. While they are designed to protect domestic industries, they have far-reaching consequences, particularly for businesses that rely on global supply chains and international markets. Surprisingly, even online businesses, which may seem insulated from traditional trade wars, are not immune. The Impact on Traditional Businesses For traditional brick-and-mortar businesses, Trump's tariffs have led to higher costs for raw materials and finished goods. Sectors like manufacturing, retail, and agriculture have been particularly vulnerable. For example, U.S. compa...