I know of a 10-12 employee business in my town who custom-designs kids products that are manufactured in China because they want to keep their products affordable for parents. Getting them manufactured in the US (even though they wanted to) was way too expensive and would require them to charge way above retail just to stay open.
Once the tariffs dropped, their cost of goods more than doubled.
Their business in that capacity, was gone overnight.
It's easy to think in some vacuum businesses can just "absorb" costs, but as many businesses know, this is rarely the case.
