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How are President Trump's tariff policies affecting small businesses and the broader American economy?

President Trump's tariff policies are creating significant challenges for small businesses across America, as demonstrated by the experiences of business owners like Sandra Payne in the concrete equipment industry. These retaliatory tariffs, implemented as part of an escalating global trade war, are forcing small businesses to navigate increased costs and supply chain disruptions that directly impact their operations and profitability. The broader implications extend beyond individual businesses to affect the federal workforce, with over 200,000 probationary government employees facing potential layoffs. This dual impact illustrates how trade policies create ripple effects throughout the economy, affecting both private sector entrepreneurs and public sector employment, ultimately reshaping the American economic landscape during this period of heightened trade tensions.

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52:41

From

Introduction to Tariffs and Trade Policy

NBC News·7 months ago

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01:40

How are tariffs affecting small businesses, specifically in the construction industry?

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