'If this tariff takes effect, we are out of business': Small companies warn of widespread layoffs an

The Trump administration is expected to enact tariffs on an additional $200 billion worth of Chinese imports to the US. Some companies say they will have to immediately lay off employees to absorb the cost. Others warn they may have to shut down completely. Win Cramer, the chief executive of an American audio products business, felt he was visibly anxious as he addressed a panel of US Trade Representative officials at a public hearing in Washington last month.  "If I come across as...