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Small Business Are Being Crushed by Trump’s Tariffs

Tariffs have caused 60% of businesses to report decreased overseas sales and nearly half to raise prices, impacting profits and jobs across multiple industries.

Summary by Political Wire
CNBC interviewed small business owners “to get a better understanding of how much tariffs are costing them and the impact the duties are having on their strategy and operations.” “Many of the small businesses said they’ve been forced to freeze hiring, pull back growth plans, take on new financing or cut salaries to keep operations afloat.”

4 Articles

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Bias Distribution

  • 50% of the sources lean Left, 50% of the sources are Center
50% Center

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Los Angeles Times broke the news in Los Angeles, United States on Thursday, October 16, 2025.
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