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Commentary: Trump's tariffs decimate small businesses

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
President Donald Trump's goal of more manufacturing in the United States is laudable. However, the approach of using tariffs as a weapon is reckless and will lead to price hikes and supply chain disruptions and destroy the backbone of America — small businesses. As a small business owner, I know firsthand the pain of tariffs imposed on China and other countries. Tariffs represent a tax on ...
The article from Yahoo News discusses the detrimental impact of Trump's tariffs on small businesses, particularly in the manufacturing sector. It highlights how these tariffs, intended to protect American industries, have instead led to increased costs for raw materials, thereby squeezing profit margins and forcing some businesses to lay off workers or shut down entirely. The piece features insights from small business owners who express frustration over the lack of direct benefits from the tariffs, as well as concerns about the broader economic implications, such as potential trade wars and retaliatory tariffs from other countries. The commentary argues that while large corporations might absorb these costs, small businesses are disproportionately affected, struggling to remain competitive in a challenging economic environment.

Read the Full Chicago Tribune Article at:
[ https://www.yahoo.com/news/commentary-trump-tariffs-decimate-small-080000316.html ]