As the U.S.-China trade war drags on, American businesses are taking a financial hit. Not even startups are being spared.
That’s according to business broker BizBuySell, which on Friday released its 2019 Small Business Confidence Survey focused on the Trump administration’s international tariff policies. The tariffs have increased the cost of doing business for more than one third–37 percent–of small businesses across the U.S., according to the survey. A majority of those companies say they’ve increased prices for customers as a result and, in 46 percent of those cases, lost sales because of it.