Hickenlooper, Colleagues Urge SBA Administrator to Address Damage of Trump Admin’s Tariffs on Small Businesses

WASHINGTON –
U.S. Senator John Hickenlooper and his fellow Senate Democrats on the Senate Small Business and Entrepreneurship Committee
called
on Small Business Administrator Kelly Loeffler to address the impacts of the Trump administration’s tariffs on small businesses.
“President Trump’s trade policies have placed the survival of America’s small businesses in jeopardy,”
wrote the senators.
“Small businesses, which operate on razor-thin margins, are uniquely vulnerable to the cost increases caused by President Trump’s tariffs. Many small business owners face a dire choice: either raise prices, risking losing customers, or absorb the cost increases, potentially laying off workers or closing their doors entirely.”
The senators called on Administrator Loeffler to protect the country’s more than 34 million small businesses from the damage caused by the administration’s reckless tariffs. The senators also urged the administrator to support domestic manufacturing and small businesses by fixing our broken tax code, investing in stable supply chains, and training a skilled workforce.
Full text of the letter is available
HERE
.