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Trump tells small business owners tariffs 'aren't high enough'

Trump backed higher tariffs as the administration processes about $166 billion in court-ordered refunds and prepares new duties under Section 301.

  • On Monday, President Donald Trump hosted a White House Small Business Summit for National Small Business Week, celebrating more than 130 award-winning business owners while touting the administration's economic agenda.
  • The administration emphasized the One Big Beautiful Bill Act, which made permanent the 20% small business deduction and allowed 100% expensing for factory investments and equipment.
  • Trump told attendees, "You actually said thank you for the tariffs, but the tariffs really aren't high enough in my opinion," drawing applause while honoring Mark Lamoncha of Humtown products as National Business Person of the Year.
  • While boasting of tariff protection, the administration processes about $166 billion in court-ordered refunds following a Supreme Court ruling that Trump exceeded his authority under the International Emergency Economic Powers Act.
  • Business sentiment remains divided, with 56% of respondents in an April survey by the National Federation of Independent Business reporting negative operational impacts, as hearings on proposed tariff measures are scheduled for today.
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+4 Reposted by 4 other sources
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Trump tells small business owners tariffs 'aren't high enough'

(The Center Square) – President Donald Trump told a group of small business owners Monday that tariffs should be higher, even as polling is mixed on the issue.

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Center

Trump hosts small business owners at White House, touting business-friendly policies

(The Center Square) – President Donald Trump enumerated a number of policies he said have created a favorable environment for small business growth while speaking to small business owners at the White House Monday.

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The White House broke the news in Washington, United States on Sunday, May 3, 2026.
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