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Witnesses and lawmakers warn tariffs are immediate drag on Main Street
Summary
Several members and small‑business witnesses told a joint House–Senate hearing the administration’s recent tariff actions are creating immediate price shocks, planning uncertainty and competitive harms that disproportionately affect small firms.
Small businesses and committee members at a joint House–Senate hearing repeatedly flagged recent tariff actions as an immediate and disproportionate burden on Main Street, saying the measures raise input costs, disrupt planning and reduce small firms’ bargaining power with suppliers.
Representative Ed Markey called the tariffs ‘‘reckless’’ and said small firms are already experiencing supply‑chain shocks and orders to scale back hiring or selections. At the hearing Anne Zimmerman, a CPA and…
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