LANSING, Mich. (WILX) – Uncertainty over federal tariffs and their impact on Michigan’s economy continues, as small businesses navigate rapid policy changes.
The U.S. Supreme Court on Friday struck down many of President Donald Trump’s global tariffs. The president responded Friday afternoon by announcing plans for a new 10% global tariff.
Chris Luoma, owner of Jerry’s Automotive in Lansing, said he’s committed to his customers and offering fair prices, but he’s been fighting uncertainty to make it happen, in the midst of sweeping federal tariffs on foreign goods.
“Over the last year or so, we’ve really had to watch the prices of parts that we’re getting in,” Luoma said. “You want to still offer good quality to your clients, but you’ve got to be fair and competitive at the same time.”
When he can, Luoma said he buys American-made parts for his local shop, but what he does buy from overseas has seen a spike in price since the tariffs were put in place.
Small business owners like Luoma are now hoping for stability after the U.S. Supreme Court ruled a portion of President Donald Trump’s tariffs are not legally sound.
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Michigan State University supply chain expert Jason Miller said the legal landscape remains complicated.
“Where the complexity comes in, is there are a lot of other powers the president can use to essentially reassemble these tariffs,” he told News 10.
Miller said he expects the president to take advantage of those options. The president has already declared an additional 10% global tariff in response to the Supreme Court’s decision.
Miller said the ruling is a positive step for consumers but noted some manufacturers will be negatively affected.
“On net, the benefits will outweigh the cost, but I do want to be clear, there are some manufacturers in the state of Michigan who were benefiting from this, and now no longer are going to receive those benefits,” Miller said.
In the meantime, Luoma said he is focused on staying ahead of any incoming changes.
“And try to do our best to pay attention to what’s going on with parts availability, parts pricing, try to find a middle ground, offer a good premium part and a good repair to our clients without sacrificing quality,” he said.
For the businesses that paid billions of dollars in tariff costs, President Trump said they will not receive a refund.
Although, Miller said he expects those businesses will attempt to recoup their losses regardless.
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