Here’s an easy to understand example of how Donald Trump’s tariffs on imported products have completely screwed small U.S. businesses and entrepreneurs: the crowdfunding site Kickstarter is introducing a “Tariff Manager tool” that will allow creators to add extra charges to projects that were already fully funded in order to deal with the higher and unexpected costs of the president’s global trade war.
“Over the past few weeks, we’ve been hard at work developing tariff-relevant resources to support our community. From guidance to help creators navigate rapidly changing policies, to tips on shipping logistics, and even information to help backers better understand the challenges creators are facing. Our focus has been supporting you through uncertain times, but we also know that information alone isn’t always enough,” Kickstarter said in a blog post published last week announcing the Tariff Manager tool. “Built specifically to address the financial challenges posed by U.S. import tariffs, Kickstarter’s Tariff Manager is designed to give creators more control, flexibility, and transparency at one of the most critical phases of your journey: fulfillment.”