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Utah Businesses Struggle with Rising Tariffs Before Holidays

11/23/2025

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Summary

Story summary

Tariffs are pressuring Utah businesses ahead of the holiday season, with Martin Norman, owner of Uniquely Utah Souvenir Co., noting some cost increases are absorbed, while significant hikes raise prices.
He emphasizes that even locally produced items are affected due to overseas components.
Jared Anderson from World Trade Center Utah says companies are raising prices or cutting costs, and this could lead to job losses.

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Story summary

Tariffs are pressuring Utah businesses ahead of the holiday season, with Martin Norman, owner of Uniquely Utah Souvenir Co., noting some cost increases are absorbed, while significant hikes raise prices.
He emphasizes that even locally produced items are affected due to overseas components.
Jared Anderson from World Trade Center Utah says companies are raising prices or cutting costs, and this could lead to job losses.