Small businesses face financial whiplash from Trump's changing tariffs on China

Small businesses face financial whiplash from Trump’s changing tariffs on China

Los Angeles — Business owner Bobby Djavaheri has imported items stockpiled inside his Los Angeles warehouse in anticipation of sky-high tariffs he fears could ultimately destroy his livelihood. “I’m finding myself in a position where I feel like my government’s not supporting me and supporting my cause,” Djavaheri told CBS News. “And it’s a very…

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Hot Sam's in Detroit gets national recognition for Black style and dandyism

Hot Sam’s in Detroit gets national recognition for Black style and dandyism

With the 2025 Met Gala highlighting “Superfine: Tailoring Black Style,” Black fashion is front and center in this year’s global style conversation, and one Detroit business is proudly part of that narrative. Hot Sam’s, the city’s legendary men’s clothier, was recently featured in “Vogue” as one of the Black-owned tailoring houses across the country keeping…

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Tariffs could put them under, some small business owners say

Tariffs could put them under, some small business owners say

Uncertainty around President Trump’s ever-changing tariff agenda is already hitting small businesses hard, and threatening their very survival, operators say.  With baseline 10% taxes on all imported goods in effect and country-based levies looming, business operations have become significantly more challenging for the U.S.’ nearly 35 million smaller enterprises, owners told CBS MoneyWatch.  One of the…

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