Small businesses welcome the ruling but remain on edgepublished at 19:40 GMT
19:40 GMT
Danielle Kaye
New York business reporter
Some
small business owners, who have seen their profits fall as a result of Trump’s
tariffs, are greeting the Supreme Court’s ruling with cautious optimism.
Jenelle
Peterson, co-founder of Wild Life Outdoor Adventures, said her Canadian toy
firm, which makes its toys in China before shipping them to the US for
distribution, took a roughly 25% hit to its profits last year.
Peterson
held prices steady for six months after Trump returned to the White House. But
she said she couldn’t hold out forever. A knot-tying game now costs $19.99, up
from $14.99.
“It’s
hard to keep the lights on,” Peterson said.
That’s
why she welcomed the court’s blow to Trump’s authority.
“It
sends a really good message that we can’t have these insane fluctuations in
tariff rates and economic policy, because it’s so damaging to small
businesses,” she said.
As she
processes the implications of the ruling, Peterson is already making
plans to import more products to the US. She hopes to eventually claw back
enough money to invest in designing new toys.
Still,
she said lingering uncertainty – about refunds and other tariff authorities
that the Trump administration might leverage – is keeping her on edge.
“I
have a bit of reservation in too much celebration,” Peterson said. “But for us, every
percentage point matters.”