An Article by the Center of American Progress & My Thoughts
Hello Everyone! I wanted to jump on here and talk about an article I read from the Center of American Progress (CAP) titled In the First Year, President Trump’s Tariffs Have Cost Small-Business Importers $306,000 on Average by Michael Negron, Mimla Wardak, and Kennedy Andara. In it, they discuss statistics they calculated using reliable sources on recent tariff policies affecting American small businesses. It is important to note that CAP is a left-leaning progressive journal that is not peer-reviewed. Given this, it can be assumed that the article may be biased. However, the data they present is reliably sourced and doesn't seem to have been tampered with to advance a position the CAP may wish to advance. Figure 1 from the article displays the impact of tariff policies They note that Small-Business Importers are paying $306,000 more per year on average since "Liberation Day" last year, April 2nd. They also mention the Federal Reserve’s Small Business Credit Survey, wher...