SPOKANE, Wash. — Local small businesses that rely on imported goods are facing major challenges as new tariffs on Chinese products threaten their inventory and profits.
Pamela Barclay, owner of Wonders of the World gift store in Spokane, calls the situation “heartbreaking for retail.” After 32 years in business, she now faces losing one-third of her inventory that comes from China.
“It will definitely impact our business and lower our profit or possibly make us an unprofitable year, which would be very sad,” Barclay said. “There will be no Chinese purchases, which will clear out a third of my product.”…