The tariffs have made it difficult for businesses to operate, and this may have been a factor in the midterm election results.
The US midterm elections have seen Democrats take control of Congress, and one factor that may have influenced the vote is the impact of global tariffs imposed by President Donald Trump. According to the report, many small businesses in the United States say they are being stifled by the tariffs.
The consulting firm Epiq Global's October assessment reported that small business bankruptcies increased 46 per cent from the previous year. This suggests that the tariffs have had a significant effect on the economy, particularly for small business owners.
France 24 spoke with small business owners to understand how they are coping with these import taxes and what impact they are having on the economy. The tariffs have made it difficult for businesses to operate, and this may have been a factor in the midterm election results.
The full extent of the tariffs' impact is not yet known, but it is clear that they have had a significant effect on small businesses. As the Democrats take control of Congress, it will be interesting to see how they address the issue of tariffs and their impact on the economy.
