Over 700 Small and Medium-Sized US Businesses Decry Trump’s Tariffs in Supreme Court Brief
Yahoo Finance·2025-10-29 22:31

Core Points - A coalition of over 700 small and medium-sized businesses has filed a brief against President Trump's tariffs, highlighting the negative economic impacts on American companies [2][3] - The coalition equates the current tariff challenges to the Covid-19 crisis, referring to it as a "Trademic" that threatens the survival of small and micro businesses [4] - The IEEPA Tariffs are described as imposed without legal authority and public participation, posing an existential threat to American businesses [4][5] Economic Impact - The coalition's brief includes testimonials from businesses reporting significant financial losses due to the tariffs, leading to job cuts, higher prices, and stalled expansion [3] - The tariffs are said to jeopardize the role of American businesses in the global supply chain, affecting importers, manufacturers, and exporters [5] Case Study - Deer Stags Concepts, Inc., a small footwear business, reported operational disruptions due to tariff increases on products sourced from China, leading to halted shipments and significant lost sales [6][7]