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Small Business Lenders Start Quizzing Borrowers About Impact Of Trump Tariffs

  • In April 2025, President Trump announced new tariffs, sparking concerns for small businesses and consumers.
  • These tariffs stemmed from Trump's belief in fair trade and protecting American workers, yet some saw destabilization.
  • Small business owners worry about increased costs, potential price hikes, and the impact on expansion plans.
  • Gladys Harrison of Big Mama's Kitchen said the tariffs force her to examine affordable food options; she noted, "They have to pass that on to us."
  • The tariffs are projected to cause higher consumer prices and market instability, prompting financial planners to urge patience.
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NBC LA broke the news in Los Angeles, United States on Wednesday, April 2, 2025.
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