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SHARON, Penn. – Tariffs raise prices on items companies import to sell or make products with, which affects small businesses across the U.S. Two thirds of Americans say owning a small business is part of their American dream. Seven years ago, Carla Infante made that dream a reality in the small town of Sharon, Pennsylvania. “It was frightening. After I got everything all set up for the grand opening, I thought ‘what if nobody comes?’”Despite that fear, that was never Infante’s problem. Knitting and crocheting enthusiasts have been streaming in since Never Enough Yarn opened, either for her variety or her knitting nights. “I have people who come regularly every Thursday night for our knitting group. Sometimes we knit and drink coffee. And sometimes we get a bottle of wine out instead of coffee,” said Infante. “It's been amazing.” As amazing as it has been to have loyal customers and consistent demand, Never Enough Yarn is closing. “The Internet has really done a lot of injury to local small businesses,” said Infante. “So that had been creeping up on me. But when they put the tariffs in, that really pushed me over the edge.”There have been a half dozen rounds of tariffs imposed on Chinese goods over the past year and a half. The latest have really affected businesses like Infante’s. The prices of all Infante’s yarn and knitting supplies has had to go up. For example – just one knitting needle in her shop has gone up by in less than a year. “First it was we'll wait and see, let's see what happens because I thought when the first 50 cents came on each package of needles like we can live with that,” said Infante. “I didn't realize it was going to keep coming. When that dollar came it was like I can't survive. I just can't pass this on.”So, before a new round of tariffs hit, she’s ending this chapter of her American dream."I made it seven years and I would have liked to stay a little longer,” said Infante. “But I also know when it's time to go you know the old saying ‘know when to fold them.’”"A lot of shops are closing, it’s not just Carla’s,” said a customer of Infante’s. “We had one in Grove City and she went out of business. It’s heartbreaking.”Analysts expect continued higher tariffs on Chinese goods could lead to 12,000 more retail businesses closing within the next year."One thing I'd like to say to most people is, if you don't believe it's happening, take a closer look because it is and if it hasn't affected you yet, keep your eyes open because it's going to it's going to affect everyone at some point. You’ve learned that the hard way. I learned it the hard way.” 2626
RICHMOND, Va. (AP) — Confederate monuments have become a target of protesters demonstrating against the police killing of George Floyd. As tense protests swelled across the country Saturday into early Sunday, monuments in Virginia, the Carolinas and Mississippi were defaced. The headquarters of the United Daughters of the Confederacy in Richmond also burned for a time and had graffiti scrawled on its exterior. The presence of Confederate monuments across the South and elsewhere in the United States has been challenged for years. Some of the targeted monuments have been under consideration for removal. In Tennessee and Pennsylvania, statues of people criticized for racist views, but without Confederate ties were also targeted. 747
President Trump popped into a wedding reception at his golf club in Bedminster, New Jersey, on Saturday night, prompting the bride, groom and guests to chant, "USA! USA!"Groom P.J. Mongelli told CNN that Trump first dropped into the cocktail hour to meet bride Nicole Marie and other family members. Mongelli said they'd sent Trump multiple invitations but didn't know if he'd actually show up."It was a complete and utter surprise," Mongelli said.Mongelli said he asked the President for a favor -- to greet the guests at the reception.Video posted on social media showed Trump, wearing a dark suit but no tie, standing in a doorway and waving to the cheering crowd. The President motioned for the newly married couple from Staten Island to approach and they stood on either side of him, pumped their fists and led the chant, "USA! USA!" the video showed."He was such a gentleman," Mongelli said. "He was aces."Mongelli said he and his wife are both strong Trump supporters, as were most of the wedding guests. The couple got engaged at the golf club in November 2017, he said.The President was staying at Trump National Golf Club in Bedminster over the weekend and returned to Washington on Sunday. 1212
Students whose families make less than ,000 a year will be able to attend the University of Texas flagship campus in Austin without having to worry about tuition.To make attending college more affordable for low-income students, the University of Texas System of Board of Regents voted unanimously Tuesday to create a 0 million endowment for financial assistance from the state's Permanent University Fund, according to a 441
Stocks, already rattled by the US-China trade war, were set to fall sharply Friday after President Donald Trump announced new tariffs on Mexican imports.Dow 169