Some downtown Bend businesses may be feeling the pinch from President Trump’s tariffs
Tracee Tuesday
Local business owners say the added costs on items like jewelry, clothing, and specialty goods may lead to higher prices for customers — or slimmer profit margin for their business. Jennifer Lovejoy, Owner of Nashelle said, her business has seen some changes due to President Trump’s tariffs.
“I would say, you know, so we’ve seen a little bit of uncertainty and i think everyone’s been just slightly nervous in the jewelry world. but i would say that, we’ve also seen a huge amount of demand for like, other alternatives, such as lab grown diamonds versus natural diamonds, and that’s been something that has been really strong for us right now.”
Clothing boutiques such as Jack + Millie, carry a number of American-made brands, meaning import tariffs have a smaller impact on their bottom line.
Jack + Millie Store Manager Sydney Verbrugge says, it not only helps avoid rising costs on overseas goods but also supports domestic manufacturing. still, they’re keeping an eye on trade policy changes, knowing even USA-based suppliers can be affected by shifting global markets.
Howabout the locations that sell comics, board games and books.
Here’s what Duncan Mcgeary, the owner of Pegasus Books had to say.
“I have owned the store for 42 years. it’s been in existence for 45 years.”
Tracee: Even with some of the tariffs that have been implemented, that you feel that business is still, the same?
“I haven’t noticed anything. i don’t think it’s affected anything at all, at least when it comes to us,” said McGeary.
KTVZ News also spoke with some consumers who say they’ve noticed price hikes which meant they’ve had to spend less.
For now, Central Oregon businesses say they hope trade policies will stabilize, but until then, they’re bracing for more adjustments.