Trump’s Tariffs Cause 366,000 Job Losses, Raise Costs for Small Businesses and Farmers Amid 13-Year Low Consumer Confidence

President Donald Trump's tariff policies have led to increased costs for American families, small businesses, and farmers, contributing to economic challenges nationwide. Reports indicate that these tariffs have caused halted shipments, shrinking inventories, and rising expenses for small businesses, resulting in job losses exceeding 366,000 since Trump took office. Consumer confidence has dropped to a 13-year low, and global food prices have surged amid the uncertainty. Lawmakers including Senators Amy Klobuchar, Maggie Hassan, and others have highlighted the adverse effects on local economies, with some small businesses fearing they may be "tariffed out of business." The tariffs have also impacted specific sectors such as Colorado's outdoor recreation industry. Despite the ongoing difficulties, Congressional Republicans have not taken action to reverse these policies. Economic analysts from institutions like BlackRock have compared the supply disruptions caused by tariffs to those experienced during the Covid-19 pandemic, underscoring the broader economic risks associated with the tariff-induced uncertainty.