{"id":1053007,"date":"2025-05-28T09:55:05","date_gmt":"2025-05-28T13:55:05","guid":{"rendered":"https:\/\/democrats.org\/?p=1053007"},"modified":"2025-05-28T09:55:06","modified_gmt":"2025-05-28T13:55:06","slug":"new-report-trumps-agenda-raises-costs-on-small-businesses","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/new-report-trumps-agenda-raises-costs-on-small-businesses\/","title":{"rendered":"NEW REPORT: Trump\u2019s Agenda Raises Costs on Small Businesses"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"449\" width=\"1024\" src=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" alt=\"\" class=\"wp-image-1050776\" srcset=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png 1101w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=300,132 300w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=768,337 768w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=1024,449 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Key Point:<\/strong> \u201cMore than 70% of U.S. small and mid-sized businesses say tariffs have already increased their operating costs \u2026 72% of U.S. companies said tariffs have already increased their costs, and 77% expect those costs to rise further by the end of the year.\u201d&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.axios.com\/2025\/05\/28\/trump-tariffs-hsbc-business-costs\"><strong>Axios<\/strong><\/a><strong>: Exclusive: Businesses still expect growth, even as tariff costs mount<\/strong><\/p>\n\n\n\n<p>By Ben Berkowitz&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>More than 70% of U.S. small and mid-sized businesses say tariffs have already increased their operating costs<\/strong><strong> <\/strong>\u2014 but almost all still expect to be able to grow internationally in the coming years, per a new HSBC survey shared exclusively with Axios.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>HSBC\u2019s Trade Pulse survey gathered responses from<\/strong> more than 5,700 companies in 13 countries between April 30 and May 12, including <strong>about 1,000 U.S. businesses.<\/strong><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>72% of U.S. companies said tariffs have already increased their costs, and 77% expect those costs to rise further by the end of the year.<\/strong><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>HSBC executives say two things are driving the pressure: companies that haven&#8217;t had to pay duties before are suddenly being subject to them; and competition is rising for suppliers in lower-cost environments.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Point: \u201cMore than 70% of U.S. small and mid-sized businesses say tariffs have already increased their operating costs \u2026 72% of U.S. companies said tariffs have already increased their costs, and 77% expect those costs to rise further by the end of the year.\u201d&nbsp; Axios: Exclusive: Businesses still expect growth, even as tariff costs [&hellip;]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1053007","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - 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