Trump's Tariffs Are Hurting Americans.
Here are the facts.
This analysis by the Institute on Taxation and Economic Policy, ITEP shows who will be hurt most:
The impact on farmers, ranchers and small businesses is huge.
Tariffs are having a real and devastating impact on thousands of small businesses across
the nation as uncertainty, rising costs, and cancellations are hitting home.
Small Businesses:
Uncertainty, rising costs, and cancellations have a real and devastating impact on New Mexico businesses. “I've seen three deals—two in the automotive industry and one in the electronics industry—totally go away, and we're hoping they come back once we get some certainty in terms of tariffs.” said Jerry Pacheco, President of the New Mexico Border Industrial Association. See more: Manufacturers Meet with Rep. Vasquez, Speak Out Against Tariffs’ Harm on Local Businesses
“At this point we have to raise our prices, and at this point some of the purchase orders I’ve been receiving, I’m lucky if I’m breaking even….”I’m a little scared, and I’m gonna keep going on, but it’s hard to make a profit now as a small business,” said Stephen Armijo, President of The PC Place. See more at New Mexico Business Owner Express Concern Over Effects of Tariffs
The U.S. Chamber of Commerce says: “97% of U.S. importers are small businesses. When tariffs rise, they face steep costs that threaten their survival.” See more in Small Businesses, Big Burden: The Cost of Tariffs
Farmers:
Tariffs on India put New Mexico pecan farmers in a bind: Brycen Salopek, Board Member and Past President of Western Pecan Growers Association says, “... battling various trade barriers has been extremely challenging. This issue is extremely important to New Mexico’s pecan growers, particularly those of us in the 2nd Congressional district,”. See more in this press release from Congressman Gabe Vasquez
Prices are climbing for farmers, for everything from fertilizers to tractors. See The Impact of Tariffs on the U.S. Agriculture Industry and Tractor Makers Warn Trump’s Tariffs to Hike Machinery Prices for Farmers Worldwide.
Trump’s illegal tariffs are a betrayal of Republican traditional beliefs.
House Votes Again to surrender tariff powers to Trump
Want to do something about it? Let's Fix It!
- For the poorest fifth of Americans, with incomes of less than $29,000, the tariffs will impose a tax increase equal to 6.2 percent of their income.
- For the middle fifth of Americans, with incomes between $55,000 and $94,000, the tariffs will impose a tax increase equal to 5.0 percent of their income.
- The richest 1 percent, who will have incomes of more than about $915,000, will face a smaller tax increase relative to their income, just 1.7 percent.
The impact on farmers, ranchers and small businesses is huge.
Tariffs are having a real and devastating impact on thousands of small businesses across
the nation as uncertainty, rising costs, and cancellations are hitting home.
Small Businesses:
Uncertainty, rising costs, and cancellations have a real and devastating impact on New Mexico businesses. “I've seen three deals—two in the automotive industry and one in the electronics industry—totally go away, and we're hoping they come back once we get some certainty in terms of tariffs.” said Jerry Pacheco, President of the New Mexico Border Industrial Association. See more: Manufacturers Meet with Rep. Vasquez, Speak Out Against Tariffs’ Harm on Local Businesses
“At this point we have to raise our prices, and at this point some of the purchase orders I’ve been receiving, I’m lucky if I’m breaking even….”I’m a little scared, and I’m gonna keep going on, but it’s hard to make a profit now as a small business,” said Stephen Armijo, President of The PC Place. See more at New Mexico Business Owner Express Concern Over Effects of Tariffs
The U.S. Chamber of Commerce says: “97% of U.S. importers are small businesses. When tariffs rise, they face steep costs that threaten their survival.” See more in Small Businesses, Big Burden: The Cost of Tariffs
Farmers:
Tariffs on India put New Mexico pecan farmers in a bind: Brycen Salopek, Board Member and Past President of Western Pecan Growers Association says, “... battling various trade barriers has been extremely challenging. This issue is extremely important to New Mexico’s pecan growers, particularly those of us in the 2nd Congressional district,”. See more in this press release from Congressman Gabe Vasquez
Prices are climbing for farmers, for everything from fertilizers to tractors. See The Impact of Tariffs on the U.S. Agriculture Industry and Tractor Makers Warn Trump’s Tariffs to Hike Machinery Prices for Farmers Worldwide.
Trump’s illegal tariffs are a betrayal of Republican traditional beliefs.
- The modern GOP, as the party of big business, has been firmly pro-free trade. Trump made trade about dominating other countries. But trade isn't about winners and losers; two countries trade so they both can benefit. See How the GOP went from promoting free trade to backing Trump’s proposed tariffs
- Republicans in the House of Representatives voted three times in 2025 to block measures that would have allowed Congress to disapprove or terminate tariffs initiated by Donald Trump. These actions effectively surrendered congressional authority over trade policy to the former president, avoiding politically difficult votes for Republicans who faced pressure from both Trump and business interests concerned about the tariffs' economic impact.
- March 2025: House Republicans passed a rule that blocked the most direct legislative path for terminating Trump's tariffs on Canada, Mexico, and China, which he justified under a national emergency declaration.
- May 2025: The House Rules Committee, led by Republicans, again blocked an amendment offered by Democrats that would have reversed prior actions preventing a floor vote on rolling back the tariffs.
- September 2025: The House voted 213–211 to extend the block on resolutions that would disapprove Trump's tariffs until March 2026. This happened after a standoff during which Republican leaders negotiated with holdouts to get them to switch their votes to "yes".
House Votes Again to surrender tariff powers to Trump
Want to do something about it? Let's Fix It!