Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Demand for Pop Mart’s Labubu ‘won’t tilt 180 degrees’ despite oversupply concerns: HSBC

September 19, 2025

Demand for Pop Mart’s Labubu ‘won’t tilt 180 degrees’ despite oversupply concerns: HSBC

September 19, 2025

Is your Indomie poisonous? Carcinogen scare prompts food safety debate

September 19, 2025
Facebook X (Twitter) Instagram
Friday, September 19
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Asian-American businesses are being decimated by Trump tariffs, Democratic lawmakers warn
China

Asian-American businesses are being decimated by Trump tariffs, Democratic lawmakers warn

adminBy adminSeptember 18, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 3


Businesses owned by Asian-Americans are struggling with mounting costs as a result of US President Donald Trump’s tariffs, with some potentially being forced to shut down, a group of Democratic lawmakers warned on Thursday as they urged the administration to reverse the duties.

The warning, reflecting growing national discontent regarding Trump’s tariffs, coincided with a media briefing in front of the US Supreme Court where a group representing over a hundred small business owners pressed their case about the damages that the tariffs have inflicted on them.

“Asian-American businesses and communities are treated as collateral damage,” said congresswoman Grace Meng of New York, chair of the Congressional Asian Pacific American Caucus (CAPAC), at a Thursday event held in the US Capitol complex.

“Mom and pop stores are being forced to make an impossible choice: raise prices or close down for good,” she continued, citing a Chinatown restaurant in New York that has seen its spice and seasoning costs double.

Congresswoman Judy Chu of California, chair emerita of CAPAC, called the tariffs a “cruel betrayal” and said that they were causing “needless pain and uncertainty” for many in her district.

Asian-American businesses, members of the Congressional Asian Pacific American Caucus say, are being hurt disproportionately as many of the goods and inputs they rely on are not produced in the United States. Credit: handout
Asian-American businesses, members of the Congressional Asian Pacific American Caucus say, are being hurt disproportionately as many of the goods and inputs they rely on are not produced in the United States. Credit: handout

“One of my constituents runs a family business importing medicinal oil from Asia. After the president’s tariff announcement, their import costs skyrocketed overnight, from US$500 to US$13,000 for one single shipment,” she said, adding that they might have to close their doors and lay off workers.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

China

How Southeast Asia showed its support for China and sent a message to the US

September 18, 2025
China

Trump says US moving to reclaim key Afghan air base, links it to China

September 18, 2025
China

China backs Venezuela, warns US against ‘bullying’ after second deadly sea raid

September 18, 2025
China

No orders from China: US soybean farmers, desperate for trade deal, walk ‘tightrope’

September 18, 2025
China

How Nobel-winning biologist David Baltimore helped the rise of science in China

September 18, 2025
China

China state firm to help build 26km Chilean electric railway, as peers eye tunnel project

September 18, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

India’s SEBI dismisses Hindenburg allegations against Adani group – Markets

September 18, 2025

Rains, heatwaves pose serious threats to overall cotton production: report – Markets

September 18, 2025

Pakistan’s IT exports rise to $691m in July–August – Business & Finance

September 18, 2025

Pakistan’s REER index marginally appreciates to 100.10 in August 2025 – Business & Finance

September 18, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Demand for Pop Mart’s Labubu ‘won’t tilt 180 degrees’ despite oversupply concerns: HSBC
  • Demand for Pop Mart’s Labubu ‘won’t tilt 180 degrees’ despite oversupply concerns: HSBC
  • Is your Indomie poisonous? Carcinogen scare prompts food safety debate
  • Beijing’s fight to quash solar-sector price war paying off, analysts say
  • Who’s actually controlling electricity prices in the US?

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Demand for Pop Mart’s Labubu ‘won’t tilt 180 degrees’ despite oversupply concerns: HSBC

September 19, 2025

Demand for Pop Mart’s Labubu ‘won’t tilt 180 degrees’ despite oversupply concerns: HSBC

September 19, 2025

Is your Indomie poisonous? Carcinogen scare prompts food safety debate

September 19, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.