Michael Negron

Small businesses are paying the price for Trump’s trade war—cutting salaries and production after being hit with thousands in unexpected tariffs.

“We are seeing the impacts in terms of the economy slowing down,” @mnegron01.bsky.social told WUSA-TV, with prices only set to rise further.

8 Ways Trump’s Turbulence Tax Is Costing the Economy President Trump’s erratic tariffs and other policies are already affecting consumers’ cost of living and costing businesses real money.

Trump’s “turbulence tax” is real. Businesses are slashing hiring, investment is down 14%, and workers are paying the price.

@mnegron01.bsky.social from @americanprogress.bsky.social has been tallying the damage: higher prices, stalled paychecks, and decades of lost opportunity.

The President’s erratic tariffs and policies are imposing a “Trump Turbulence Tax” hitting families with $2,400 in annual costs and small business importers with an avg of $90K in tariffs just from April-July. My @americanprogress.bsky.social report today breaks down 8 ways this is costing real $

Restaurants in Washington D.C. are feeling the impact of the Trump administration’s overreach, with reservations down nearly 25%.

As expert @mnegron01.bsky.social points out, many may avoid the district altogether, adding pressure on families and businesses already struggling to get by.

After getting slammed with tariffs, DC restaurants are reeling from reduced foot traffic due to President Trump’s attempted militarization of city law enforcement. Spoke about it with Molly Martinez of @graydcbureau.bsky.social

Trump's federal takeover of D.C. is creating uncertainty for businesses.

@mnegron01.bsky.social points to the impacts of past deployments, like the National Guard in Los Angeles: reduced workforce attendance, fewer people coming into the city, and billions in lost economic activity.

Trump’s chaotic tariff policies are hitting back-to-school budgets hard, with parents expected to spend over $600 per child on average.

On @scrippsnews.bsky.social, @mnegron01.bsky.social urges parents to shop early to avoid price hikes, especially on shoes and clothes, which could spike up to 40%.

Here is the National Retail Federation survey: nrf.com/media-center...

Parents brace for sticker shock as back-to-school costs soar The average price that parents are expected to spend per student on back to school supplies this year is over $600 this year. That's why experts recommend shopping early to get the best deals.

More parents than ever are shopping for school early this year, a perfectly rational strategy in response to the irrational tariff policies pursued by President Trump. Talked to @scrippsnews.bsky.social today about it: www.scrippsnews.com/us-news/pare...

“The president and Republicans are dictating belt-tightening at the expense of working and poor Americans to help pay for tax cuts for the wealthiest."

🎙️ @mnegron01.bsky.social unpacks Trump's economic policies on @brogressivepodcast.com: www.youtube.com/watch?v=hj5k...

Trump pledged not to cut Medicare — but his budget bill does just that The GOP megabill now under Senate consideration threatens healthcare insurance for more than 1 million seniors who rely on Medicare.

Trump promised to protect Medicare, but his budget proposal does the opposite, threatening the health insurance for more than 1M seniors. My @americanprogress.bsky.social colleague @andreaducas.bsky.social
explains at @marketwatch.com : www.marketwatch.com/story/trump-...

Joined @scrippsnews.bsky.social this afternoon to talk about the Saturday military parade in DC that Trump ordered for his birthday and how it represents the President’s misplaced priorities

State Estimates of Increases in Homeowner and Small-Business Borrowing Costs Under the One Big Beautiful Bill Act The “big, beautiful bill” passed by House Republicans in reconciliation is expected to significantly increase U.S. government debt, driving up interest rates for borrowers—including families taking ou...

Trump’s erratic leadership and fiscal irresponsibility will hurt families and small biz, incl by raising interest rates.

New from @americanprogress.bsky.social w/ state by state impact on mortgage and small biz loan bills of Rs big bill to cut benefits for millions to fund tax cuts for the few

Despite the initial court rulings and TACO retreat on Trump’s China tariffs last month, shoppers are already seeing price increases at Walmart and Target.

We are seeing a real premium being paid for Trump’s erratic moves on the economy.

t.co/QZjUDftsJu

Locally Owned Small Businesses: Optimism dropping among small business owners The National Federation of Independent Businesses reports that optimism is declining among small business owners.New data show confidence dropped for the fourth

Small business optimism dropped for the 4th straight month, with capital investment hitting pandemic-era lows.

@mnegron01.bsky.social says that constant changes to tariffs—over 50 since Trump took office—are making it impossible for businesses to plan. news3lv.com/news/videos/...

Trump's Tariff Terror and the Small Business Squeeze - Civic Media Maggie unpacks the chaos unleashed by “Trump’s Tariff Terror.” She’s joined by Michael Negron, former special assistant to President Biden, to explore how this economic whiplash is paralyzing sm...

Enjoyed spending some time with @maggiedaunshow.bsky.social yesterday to talk the Art of the TACO and how tariffs are hurting small biz civicmedia.us/shows/maggie...

Great news for the TACO traders but outlook still very cloudy for small business owners trying to plan www.politico.com/news/2025/05...

Deep Dive: Moving Student Loans Out of the Education Department is a Risky Gamble for Borrowers and the U.S. Economy - Student Borrower Protection Center This Deep Dive details how the Trump Administration’s reported efforts to charge the Small Business Administration with oversight of federal student loans are illegal and would result in a major decli...

In the Biden WH, I was one of a few who worked on both small business policy and student debt relief. The Trump plan to have SBA run student loans puts 1 in 12 adults at risk. New @thesbpc.bsky.social @groundwork.bsky.social report from me and Aissa C
protectborrowers.org/deep-dive-mo...

Our fellow @mnegron01.bsky.social testified today in front of @housedemocrats.bsky.social Steering and Policy Committee on how Trump's tariffs are making it more expensive to have a kid.

“We can expect, over time, this policy to lead to empty shelves & a loss of jobs. The president is running out of time to change course.”

Our @mnegron01.bsky.social testifying to the @housedemocrats.bsky.social Steering & Policy Com. on what empty ports mean for consumers. Spoiler: nothing good.

President Trump took office promising to lower prices on day one. Over 100 days later, it's clear his administration has failed to fulfill that promise — instead, its policies are poised to raise costs for American families.

New @groundwork.bsky.social report from expert @mnegron01.bsky.social. 👇

Trump promised to lower prices on “day one,” but as my report w/ @groundwork.bsky.social shows, prices are increasing we’re heading for more inflation and slower growth, and the American people and small businesses know it.

Read the report here: groundworkcollaborative.org/wp-content/u...

Trump talked about the cost of eggs nonstop during the campaign.

Yet, the price for a classic American breakfast has risen 7% since he’s taken office.

New from @mnegron01.bsky.social breaking down Trump’s many, many broken promises 👇

groundworkcollaborative.org/wp-content/u...

DOGE Takes a Chainsaw to the Services that Small Businesses Need Trump administration slashes important federal services for small businesses amid tariff uncertainty.

Owning a small business used to be a part of the American dream.

Until Trump and DOGE took a chainsaw to programs small business owners depend on.

New from @mnegron01.bsky.social 👇

"That’s the problem with such a blunt application of tariffs…It should be more targeted."

ESB's @mnegron01.bsky.social joined @hallmonitorwppm.bsky.social to break down Trump's chaotic tariff policy—& why blanket tariffs won’t bring jobs back, but will raise prices for U.S. businesses & consumers.

NEW NFIB SURVEY: Small Business Optimism Recedes in February - NFIB The NFIB Small Business Optimism Index fell by 2.1 points in February to 100.7. The Uncertainty Index rose four points to 104.

www.nfib.com/news-article...

It also found that share of small business owners reporting that they’ve increased their prices climbed by 10% from January, the biggest monthly increase in nearly 4 years and the third highest increase in the survey’s history. Trump’s tariff drama makes for good TV but it’s bad for business.

More bad economic news under Trump 2.0 on top of stock market losses: Latest @nfib.bsky.social small business optimism survey finds that optimism fell again in February and that its uncertainty index rose to its second highest ever recorded reading

Trump executive order will attempt to end birthright citizenship The incoming president plans to take at least 10 actions related to the border or immigration, including ramping up deportations and suspending refugee resettlement.

Link /END
www.washingtonpost.com/immigration/...

Excerpt from WSJ poll that shows that 64% of voters oppose ending birthright citizenship

Trump Admin signaling it will in fact try to end birthright citizenship, which is guaranteed by the 14th Amendment. This is one of the least popular items on his agenda according to a recent @wsj.com poll - early proof point that they're on track to overreach /1