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We break down the recent moves made by Donald Trump regarding tariffs, foreign trade, and the pressure it’s putting on small American businesses. Trump’s announcement of a 90-day tariff pause and a dramatic 125% tariff increase on China has sparked controversy and questions about its impact on the U.S. economy.
Trump’s tweets on Truth Social raised eyebrows as he promised a massive hike in tariffs on China, while at the same time, offering a pause for other countries begging for a deal. But is this just a political move, or is it a response to growing pressure from U.S. small businesses struggling to survive under the weight of these tariffs?
We explore how these tariff hikes are hitting small businesses the hardest, with examples of mom-and-pop shops paying exorbitant tariffs, potentially pushing them toward closure. These businesses are struggling to stay afloat, and the consequences of Trump’s trade policies are felt directly by entrepreneurs and consumers.
Also, we discuss the broader implications of tariffs on the American Dream. As small businesses dwindle and corporate giants like Amazon thrive, what does this mean for the future of American entrepreneurship?
In addition, we delve into the proposal of tax cuts and the need for reform in the way the U.S. handles income taxes. Could cutting taxes and incentivizing American manufacturing help level the playing field for small businesses? Watch as we unpack the complexities of these policies and what they mean for the average American worker.
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**About the show
The Kim Iversen Show is a fully independent program produced for your entertainment and information. The one hour show airs live M-F at 5pm PT / 8pm ET at www.TheKimIversenShow.com. Clips from the program are published to YouTube daily.
**Medical Disclaimer:
The CDC states that masks are effective and patients should not try medications or protocols that are not approved for the treatment or prevention of COVID-19. The CDC states that COVID-19 vaccines are safe, effective, and reduce your risk of severe illness. Hundreds of millions of people have received a COVID-19 vaccine, and serious adverse reactions are uncommon. This program is not a replacement for medical advice and may explore counter opinions. Always consult your personal physician before making any decisions about your health.
