Apr 23 2026
NEW REPORT: President Trump’s Tariffs Crush Small Manufacturers, Threaten U.S. Economy and National Security
The Joint Economic Committee - Minority issued a report today that details the ways in which President Trump’s reckless tariffs have inflicted harm on the small businesses that make up the American manufacturing base. In his inauguration speech, President Trump promised to make the U.S. “a manufacturing nation once again.” Yet more than a year into his second term, the Trump administration’s policies have done the opposite – resulting in a loss of more than 100,000 manufacturing jobs and a significant decline in small manufacturers’ profit margins.