Tariffs could impact major retailers, family-run businesses, and ultimately consumers

Tariffs

FILES-US-EUROPE-CHINA-POLITICS-TRADE In this file photo taken on June 17, 2014 Duroc pigs belonging to Scott Bush, President of the Templeton Rye Distillery, in Templeton, Iowa, the modern (and legal) version of Iowa’s own Prohibition-era whiskey, feed on a small farm in Woodward, Iowa. (AFP PHOTO / Juliette MICHEL)

The Trump administration is preparing a long list of Chinese imports that will be subject to tariffs.

Many imports used by American consumers are sourced from China.

Imposing sweeping tariffs translates into higher prices for large companies as well as family-run businesses.

Local family-owned businesses say the impact of tariffs could be costly.