"Small Business Founders Fight Trump Tariffs: 38 Lobby Against Impact"

38 Consumer Startup Founders Lobby Against Trump Tariffs

A group of 38 female consumer product founders have recently come together to raise their concerns over President Trump’s increased tariffs. In an open letter, these small business owners have highlighted the potential negative impact that these tariffs could have on their companies.

President Trump recently announced a 90-day pause on tariff increases for certain countries, with the current rate set at 10%. However, China’s tariffs have been raised to 145%, which includes the previous 20% levy. This significant increase in tariffs has left many small businesses worried about the future of their operations.

One of the founders who signed the letter is now facing a surprise $200,000 bill due to the increased tariffs. This unexpected expense could potentially crush her business and force her to make difficult decisions regarding layoffs and price increases.

The Impact on Small Businesses

Small businesses are the backbone of the economy, and many of them rely on international trade to source materials and sell products. The recent tariff increases imposed by President Trump have put a strain on these companies, making it difficult for them to compete in the global market.

For consumer product startups, the increased tariffs could mean higher production costs, which would ultimately be passed on to the consumer. This could lead to a decrease in sales and profitability, making it hard for these businesses to survive in an already competitive market.

A Call for Change

The 38 female founders who signed the open letter are calling for changes to be made to the current tariff policy. They believe that the increased tariffs are unfair and could have devastating consequences for small businesses across the country.

They are urging President Trump to reconsider his tariff strategy and work towards a more sustainable solution that will not harm American entrepreneurs. These founders are hoping that their voices will be heard and that action will be taken to protect small businesses from the negative effects of the tariffs.

In Conclusion

The lobbying efforts of these 38 consumer startup founders highlight the challenges that small businesses face in today’s economy. The impact of President Trump’s increased tariffs is being felt across the country, with many entrepreneurs struggling to stay afloat.

It is important for policymakers to take into account the voices of small business owners when making decisions that could have far-reaching consequences. By working together, we can find solutions that will support and promote the success of all businesses, big and small.