American companies of all sizes are on edge over President Donald Trump’s tariffs, but it’s arguably small business that is most exposed. Many smaller firms say they’re having to hike prices, freeze expansion plans or absorb a hit to already-thin profit margins as import bills climb.

US metal importers are racing to build up stockpiles of aluminium ahead of the planned imposition of tariffs by President Donald Trump next month, driving up the premium over London prices. Imports of the metal — widely used in construction,

President Donald Trump and his economic team are increasingly focusing on the revenues his tariffs would generate as he seeks to get tax cuts through Congress, pointing to an ominous path ahead for countries trying to avoid a trade war.

Several governors across the country are raising concerns over the Trump administration’s proposed tariffs, warning of potential economic fallout for their states.