US EditionCongressional Democrats Say Tariffs Are The “Nail In The Coffin” For Small Business
- Congressional Democrats say Trump's tariffs on Chinese imports are severely harming small businesses across the U.S. As of early May 2025.
- The tariff increase from about 2.9% to 28%, and up to 145% recently, along with ongoing trade tensions, has disrupted supply chains and raised costs.
- Small businesses like Toodleydoo Toys and Jake's Landing report higher prices, reduced inventory, and shrinking customer bases due to tariffs and related economic uncertainty.
- Democratic members note 'costs are rising,' some firms lay off workers, and Indiana could lose 55,000 jobs with 2% growth shrinkage if tariffs persist.
- These developments suggest tariffs may continue to worsen conditions for small businesses, possibly leading to closures, layoffs, and outsourcing unless policy changes occur.
16 Articles
16 Articles
St Catharines Standard
The Toronto StarSurvey: Small businesses in B.C. remain financially confident in the face of U.S. tariffs
LANGLEY, B.C., May 08, 2025 (GLOBE NEWSWIRE) -- A majority of small businesses from across B.C. report an outlook of resilience, patience and financial confidence despite the Trump administration’s tariffs, according to findings of a new survey by First West…
Downtown Flossmoor business owners share concerns during Small Business Administration visit
For each small business Willette LeGrant stepped into in downtown Flossmoor Wednesday, the more she said she felt connected to the community as a whole. “I do not feel like I was talking to small businesses,” the Illinois district director of the U.S. Small Business Administration said after the tour, guided by Flossmoor Mayor Michelle Nelson. “I felt like I was talking to members of my family.” In celebration of National Small Business Week, Le…
Tariffs are leaving small businesses uncertain about the future
FRANKLIN This weekend, top U.S. officials are expected to meet with a Chinese delegation in the first major talks between the countries since President Trump placed high tariffs on Chinese imports. In the meantime, those tariffs have local small business owners concerned.At this point, I feel like everything is out of my control, said Debi Pierson.She owns the Poppy Boutique in Shelbyville and Toodleydoo Toys, a community staple in Franklin, sta…
Small businesses are the backbone of America — but right now, tariffs are breaking their backs • Wisconsin Examiner
Main Street in the Wisconsin community of Cambridge. (Photo by Henry Redman/Wisconsin Examiner)As a former small business owner for 27 years and a longtime board member of the Monroe Street Merchants Association in Madison, I’ve spent decades working to strengthen the small businesses and Main Streets that make our communities thrive. Today, I’m deeply concerned — because Main Streets across America are under threat like never before. The sweepi…
Coverage Details
Bias Distribution
- 67% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
