Why Black Friday discounts could be stingier this year
Taiwan
Businesses face a tough decision this holiday season: Run a Black Friday promotion and see their profits drop, or charge full price and risk turning off buyers. Some business owners said sharply higher U.S. tariffs on imports are raising their costs, giving them less room to roll out aggressive holiday sales. Lisa Cheng Smith, founder of Yun Hai Taiwanese Pantry, a New York City-based retailer that imports products from businesses and farms in Taiwan, said her costs have jumped 20% to 50%
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