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June 7, 2018

How tariffs affect small U.S. companies

AP Business Writer

Many small companies in the United States can expect to pay more for steel and aluminum following the Trump administration's imposition of tariffs on imports from Europe, Canada and Mexico, small business advocacy groups say.

Business owners also face the prospect of higher costs if the administration follows through on threats to impose tariffs on $50 billion in imports from China — and if trade wars break out as other countries retaliate with tariffs or restrictions of their own that could hurt U.S. exporters.

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