Experts, Georgia small businesses share the consequences of Trump’s tariffs

With some companies stating they've faced tariffs as high as 170%, we speak to experts and Georgia small businesses about the economic impact of the Trump administration policy. (Associated Press/Mark Schiefelbein/Tim Mossholder/Ian Taylor)

According to a BDO survey of businesses from across the United States, 41% say trade and tariff policy is their #1 concern for the next 12 months.

Plus, as Atlanta Federal Reserve President Raphael Bostic recently shared on “Closer Look,” consumer spending has declined, and small businesses are being hit hardest by inflationary pressures. The U.S. Supreme Court is now considering whether to allow President Donald Trump to continue imposing tariffs on nations around the world.

This is after some companies revealed they’ve been subjected to tariffs as high as 170%. On Tuesday’s edition of “Closer Look with Rose Scott,” we get analysis on the impact of tariffs from a roundtable of experts. Then, Atlanta-area small businesses discuss the rising costs they’re facing and their concerns for the future. We hear from the owners of Garage Door Studio and Anna Griffin, Inc., plus the CEO of Just for Teens.