Tariffs, Fuel Prices, and Higher Rates Weigh Heavily on U.S. Businesses

U.S. businesses are facing a triple threat from tariffs, higher fuel prices, and rising interest rates.

Tariffs have increased the cost of raw materials and goods, while fuel costs have raised production and transportation expenses.

JPMorgan Chase's Dubravko Lakos-Bujas notes that smaller businesses may be hit harder due to their reliance on shorter-term lending.

Companies like Lucerne International and Grupo Antolin have already felt the pinch, with one citing tariff-related supply-chain costs as a reason for stopping U.S. manufacturing operations.