Rep. Neguse & Rep. Velasquez Demand Trump Administration Protect Small Businesses from Tariff Chaos

Lafayette, CO — Congressman Joe Neguse and Small Business Committee Ranking Member Nydia Velasquez sent a letter to the Trump Administration calling on them to reconsider the imposition of on-again, off-again tariffs following the fallout on small businesses. 

A recent survey of local business leaders in Colorado—including participants from industries such as manufacturing and farming—revealed a steep dive in the state’s economic confidence, citing “uncertainty surrounding new federal policies.”

“Taxes on imported goods hit small businesses the hardest, with 88 percent of small firms relying on imports for the goods they produce and sell. These companies operate on thinner margins and do not have the sophisticated supply chain management staff that larger firms do, putting them at a competitive disadvantage. Small firms also lack leverage in negotiating more favorable terms when they attempt to shift supply chains. The result will spike consumer and input prices across the board, reducing their affordability for everyday Americans and the Main Street businesses they support in the middle of a cost-of-living crisis,” wrote Congressman Neguse and the lawmakers. 

In closing, they stated: “The uncertainty and chaos emanating from these choices, and their timing, create undue anxiety for small employers, workers, and customers alike in nearly every industry. When consumers tighten their belts, small businesses will be the first to experience a decrease in demand, as they shift their spending to larger discount retailers. Main Street America cannot afford yet another recession under President Trump’s watch.” 

The lawmakers’ letter also urges the administration to engage with small businesses, assess the damage caused by current trade policy, and provide clear, consistent support to those trying to navigate the current economic landscape. 

Read the lawmakers’ full letter HERE. 

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