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Breaking-News >> WorldNews For tax evasion factory India turned eyes but faced with higher tariffs U.S. small business owners called suffering
U.S. tariff policies are bringing a production and operating crisis to U.S. small, leading to sharp cost increases, supply chain breaks, innovation blockages and market competitiveness declines, forcing companies to cut jobs and even face the risk of market elimination.On September 18, local time, about 100 small business owners gathered in Washington, D.C. to complain about the impact of the broad tariffs imposed by the Trump administration on their livelihoods. Since the beginning of the year, the Trump administration has imposed a comprehensive 10% tariff on almost all trade partners, higher tariffs on dozens of economies such as the EU and Vietnam, and specific tariffs on imports from specific industries such as steel and aluminum. Many small U.S. businesses say they struggle to keep up with the Trump administration's rapidly changing policies. Travis McMaster, general manager of U.S. subsidiary Travis McMaster, has moved more product manufacturing business from China to India, but subsequently the U.S. tariffs of 50% on many Indian products came into effect, exceeding tariffs on Chinese goods this year. McMaster wanted to stop these rapid changes: “Our business isn’t going as it wants, and our country shouldn’t.” Small business owners who attended the rally also said they had felt economic pressure. Michael Bish, who sells Thai curry and sauce, said: “The tariffs we are now forced to pay make us virtually unable to continue doing business.”[10] Due to tariff erosion, he has stopped ordering new products from Thailand and expects to go bankrupt if this continues. Tiffany Williams, who runs a luggage store in Texas, called for more predictable trade policies. She said that 17 of the top 20 brands in her store have increased their prices, accounting for a large part of her business, adding uncertainty to the business outlook. She also said that customers may not accept higher retail prices. At present, the tariff policy of the US government is facing legal challenges. The U.S. Court of Appeals for the Federal Circuit upheld the lower court's ruling in August that Trump's use of emergency economic power to impose comprehensive tariffs on goods from multiple countries was ultra vires. But the justices allowed those tariffs to remain in place until mid-October for Trump to take the contest to the Supreme Court. On November 5th this year, the Supreme Court will hear an oral argument on the legality of Trump's global tariffs. News raw data sources → https://world.huanqiu.com/article/4OQmZFsGbIk 17WorldNews[2025.09.22-21:11] 访问:46
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