Back to today’s briefing

Story perspectives

Trump's Tariffs: Hidden Tax Threatens Small Businesses

4/19/2025

27 5

Left

Rowen Critiques Tariffs

Walt Rowen, co-chair of Small Business for America’s Future, passionately condemns President Trump's tariffs, which have skyrocketed costs for small manufacturers. His imported mugs now face a staggering 145% duty, forcing prices up for consumers. Rowen warns that these tariffs are a hidden tax on families, jeopardizing local businesses and disrupting vital supply chains.

Center

Business Owners Struggle

Small business owners are feeling the heat as President Trump's soaring tariffs, reaching up to 145% on Chinese imports, jeopardize their livelihoods in an already shaky economy. With rising costs and uncertain futures, experts caution that these measures could stifle consumer spending and push the nation closer to recession, especially in trade-dependent states.

History

Historical Context

President Trump's tariffs echo historical protectionist policies like the Smoot-Hawley Tariff of 1930, which raised duties to unprecedented levels. This led to retaliatory tariffs and worsened the Great Depression. Today's tariffs threaten small businesses and consumer prices, risking economic stability much like past trade wars.

1 of 3

Rowen Critiques Tariffs

Walt Rowen, co-chair of Small Business for America’s Future, passionately condemns President Trump's tariffs, which have skyrocketed costs for small manufacturers. His imported mugs now face a staggering 145% duty, forcing prices up for consumers. Rowen warns that these tariffs are a hidden tax on families, jeopardizing local businesses and disrupting vital supply chains.

1 / 3