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A 'Trump tariff fee': Small businesses worry about raising prices in a new era for US trade

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Small businesses are bracing for potential price hikes and supply chain disruptions.

Trump has said he'll institute tariffs on imports from China , Canada , and Mexico by February 1 .

Some small businesses are stocking up ahead of time in hopes of keeping prices steady, others are in wait-and-see mode.

Economists have warned that sweeping tariffs could lead to price hikes.

"Just the mere mention of these tariffs have a lot of us in a tailspin," general manager of Ackroyd's Bakery in Michigan said.

Elizabeth Hudy , the creator of The Peach Fuzz , put in an order for around $15,000 worth of supplies in the last two months of the year .