U.S. small businesses 'at risk of bankruptcy' due to tariff policy
2025-05-18 11:07:39 source：CGTN
May 17, 2025
Small business owners in the United States have warned that they are at risk of bankruptcy while voicing their concerns about the current tariff policy under the administration of U.S. President Donald Trump.
At a U.S. Senate Small Business & Entrepreneurship Committee hearing on Wednesday, Julie Robbins, CEO of audio effects gear maker EarthQuaker Devices, said the tariffs have made it increasingly difficult to recover business investments.
If the situation persists, they will face the very real risk of bankruptcy, said Robbins, adding that they are already caught in a liquidity crisis.
Read more:
https://news.cgtn.com/news/2025-05-17/U-S-small-businesses-at-risk-of-bankruptcy-due-to-tariff-policy-1DrRSMfgpa0/p.html