PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Tariffs Impacting Small Businesses

By at 21 September, 2018, 3:41 pm

 

In a Washington, D.C. interview that has appeared in several local television markets, SBE Council president & CEO Karen Kerrigan discussed the impact of tariffs – both current and potential – on small businesses: “It’s going to make it more difficult for them to compete. It’s going to raise costs.”

Kerrigan said that small business confidence and optimism remains high, but a lengthier and deeper trade war, including retaliatory actions, could be begin “to erode optimism and confidence and obviously that has an impact.” said Kerrigan.

She said the U.S. and China need to reach an agreement before “all the good growth” that is occurring in the economy and confidence are undermined.

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