Missouri small businesses oppose the city’s plan to take land due to ‘blight’
Several small business owners are suing cities in Missouri this week over officials’ attempts to use eminent domain to take their properties for private development projects. One of the plaintiffs, Martin George, expressed frustration, stating, “We’re not just a game of musical chairs for property in this country.” He and other business owners allege that […]
Hochul to use reserves for late budget decision favoring workers and businesses.
Hochul’s Move to Aid Businesses Raises Concerns Governor Kathy Hochul is making waves with a decision that could ease the financial strain on businesses facing hefty unemployment insurance debts. However, this relief comes at the cost of dipping into state reserves. On Monday, Hochul announced that the state would cover approximately $7 billion of remaining […]
Organization ‘Supporting’ Small Businesses Before National Small Business Week
WASHINGTON, D.C. — Kelly Loeffler, a small business manager, stated on Sunday that the agency is “empowering” small businesses nationwide as it kicks off National Small Business Week. “It’s wonderful to begin Small Business Week here in Washington. From there, we’ll expand across the country. The goal of Small Business Week is to highlight how […]
US Chamber of Commerce urges Trump admin for tariff exclusions for small businesses
Forbes media chairman Steve Forbes analyzes how President Donald Trump's announcement of mutual tariffs means “final lines” for American companies. In a new letter to the Trump administration, the U.S. Chamber of Commerce warned that small businesses need automatic exclusion from tariffs that could undermine their ability to survive. The Chamber of Commerce on Thursday […]
How businesses are resorting to risky tactics to dodge 145% tariff on China
US and Chinese companies are rushing to find a way to skirt President Trump’s sudden tariffs on Beijing imports. Some rely on dangerous tactics to operate products through other countries, Post learned. According to logistics data provider Vizion, US manufacturing orders from China fell by nearly two-thirds in the first week of April. Trump reportedly […]
Trump’s tariffs are putting consumers and businesses in a bind, tech group warns
Ed Brzytwa, Vice President of International Trade at the Consumer Technology Association, discusses how tariffs create uncertainty and economic headwinds for businesses in the industry. president Donald Trump’s tariffs It creates uncertainty about trade policies and calm business decisions by companies in the consumer technology industry. As a result, small businesses face difficult choices and […]
US small businesses tethered to China sell off inventory, cut jobs amid escalating trade war: sources
US small and medium-sized businesses with deep ties to China are screaming that they are floating by selling inventory and cutting jobs as the trade war escalates between the two biggest economies in the world. The Trump administration raised tariffs on goods from China to 145% last week. Large companies caught up in Crossfire have […]
Lawsuit from small businesses argues Trump admin doesn’t have authority to issue tariffs
The president’s authority issuing full tariffs through lawsuits from groups of five small businesses. President Donald Trump issued a 10% tariff on all imports and higher tariffs in several countries during the “liberation date” ceremony on April 2nd. Since then, he has cancelled many of the mutual tariffs while increasing Chinese tariffs. “The trade deficit […]
Small businesses take it on chin in Trump’s tariff war — here’s how they’re trying to weather storm
Trump’s tariffs govern American businesses all over the board, but it’s the small businesses that really put it on their jaws. Small businesses account for $868 billion, or about a third of US imports, per year, according to the Census Bureau. These companies are smaller than those of Microsoft, Amazon, Lululemon, but rely on Chinese […]
Trump poised to pick fight with big banks over lending for small businesses
Jamie Dimon, Brian Moynihan, Jane Fraser and other heads of major banks have something to fear from Donald Trump sooner than his tariff war. Sources close to the Trump administration say Donald and his economic team are planning to promote commercial banks by requiring locations like CEOs and, more importantly, JP Morgan, the US Bank […]