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 […]
Fmr Clinton Pollster Stumbles When Asked To Name Moderate Democrats, Admits It’s A ‘Small List’
Former Clinton voter Mark Penn stumbled on “Hornity” on Wednesday evening, asking Democrats to name them, thinking they were “medium” and ultimately admitted they were “small list.” Since President Donald Trump's 2024 victory, Democrats have struggled to regain their voter status, and have recently reached a record-breaking support rating. Fox host Sean Hannity cited Pennsylvania […]
Biden-Era Small Business Admin Exposed in Lax Pursuit of COVID Fraud
Sen. Joni Ernst (R-IA) said the government's Institute of Accountability (GAO) report was loose surveillance by the SBA, which exceeded tens of billions of dollars in coronavirus aid loans, and grants that were drew during the Biden administration. Ernst can't decide which is worse. Gao, nonpartisan watchdog, release A study on the SBA's four-stage anti-disability […]
STEVE MOORE: Biden Is Still Haunting America’s Small Businesses. Trump Can Finally Put Stop To It
Donald Trump has committed to creating millions of new paying jobs. One easy first step to doing that is to remove Biden's regulations regarding the prolific employment creator, America's 4 Million Business Partnerships (known as S-editor). The latest estimates find 10 million Americans employed in these business partnerships, with $800 billion in workers' salaries and […]
Small Business Administration to cut about 2,700 jobs as part of restructuring
Please see what you are clicking on foxbusiness.com. Small business managers announced that they would cut employment by around 2,700 people. This accounts for around 43% of the workforce as part of the agency restructuring. Founded in 1953 to provide resources to small businesses and help manage disaster recovery loans, SBA said cutting the 6,500-person […]
Pharmacy benefit manager denies teen's essential medication over a small age gap – wmar2news.com
PERRYHALL, Maryland – The family is warning other patients to fight for health insurance coverage after their daughter's medication was initially denied by a benefits plan. Despite considering medically necessary treatment, the pharmacy benefits manager refused compensation based on the patient's age. The drug Rinvoq is approved for use in young children as young as […]
NY Sirens’ small win streak snapped in loss to Toronto
TORONTO – Daryl Watts scored twice, winning the Toronto Septles 2-1 over New York Sirens on Wednesday night. Kristen Campbell made 27 saves for Toronto. Sceptres will remain third in the PWHL standings with six games remaining, one point behind Boston after winning a fleet 3-2 shootout against league-leading Montreal on Tuesday. Toronto's Daryl Watts […]