Trump’s levies mean that small businesses will have to pay an extra US$202bil a year on tariffs. — Bloomberg
THE economic policies passed in the first six months of President Donald Trump’s term may yet bring a Golden Age, but so far they haven’t for small farms and businesses.
According to an estimate by the right-leaning US Chamber of Commerce, Trump’s levies mean that small businesses will have to pay an extra US$202bil a year on tariffs, which works out to about US$856,000 per company on average.
