Rosen Statement on New Report on Impacts of Tariffs on U.S. Small Businesses

Released During National Small Business Week, NewReportFinds That Small Businesses Are Facing Price Hikes And Layoffs As A Result of Trump’s Tariffs
WASHINGTON, DC– During National Small Business Week, Senator Rosen released the following statement following the release of a newreporthighlighting the ways in which President Trump’s across-the-board tariffs and tariff uncertainty are harming small businesses across the country. In April, Senator Rosenhighlightedthe story of a Reno-based small business being hurt by Trump’s tariffs anddemandedthat the Trump Administration reverse course on its reckless trade policy.
“Small businesses are the backbone of Nevada’s economy, and Donald Trump’s sweeping tariffs are forcing entrepreneurs in our state and across the nation to make difficult decisions,”said Senator Rosen.“This report makes it clear that President Trump’s trade policies are hurting our small businesses by raising costs and pushing them to lay workers off. I’m going to continue pushing to repeal these misguided tariffs.”
Read the full report from the Joint Economic Committeehere.
Key points from the report:
###