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Reason
Reason
Politics
Eric Boehm

Trump's Tariffs Have Been Particularly Costly for Small Businesses

Not long after announcing the sweeping "Liberation Day" tariffs in April 2025, President Donald Trump claimed the taxes on imports would be good news for American small businesses.

"I'm proud to be the president for the workers, not the outsourcers—the president who stands up for Main Street, not Wall Street," Trump said in a speech to the National Republican Congressional Committee.

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