International Business and TradePolicy

Small Businesses Struggle Under Tariff Burden as Economic Warning Signs Emerge

Small business owners are reportedly taking out high-interest loans and raising consumer prices to manage increased tariff costs. Economists suggest these struggles could signal broader economic challenges ahead as companies navigate trade policy changes.

Small Business Financial Strain Under Trade Policies

According to reports from CNBC, numerous small businesses are facing significant financial pressure due to recent trade policies implemented by the Trump administration. Sources indicate that companies like AV Universal Corp., which imports footwear from India, have seen tariff bills increase from approximately $7,500 to requiring $250,000 loans to cover import costs.

Economy and TradingPolicy

Fed Governor Warns Tariff Focus Risks Central Bank’s Political Neutrality

Federal Reserve Governor Stephen Miran has raised concerns about policymakers’ selective focus on tariff impacts, warning it could politicize the institution. He advocates for an “all-or-nothing” approach to discussing administration policies to maintain the Fed’s independence. The comments come amid ongoing debates about economic policy effects on inflation and growth.

Fed Official Urges Comprehensive Policy Commentary Approach

Federal Reserve Governor Stephen Miran has issued a pointed critique of his colleagues’ selective focus on tariff impacts, warning that such targeted commentary risks politicizing the central bank and undermining its crucial independence, according to reports from Reuters.