Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Trump-Voting Business Owner Decries Painful Havoc Unleashed by Key MAGA Policy
Trump-Voting Business Owner Decries Painful Havoc Unleashed by Key MAGA Policy (The Daily Beast)A small business owner who once backed Donald Trump is now speaking out, saying a cornerstone MAGA policy has triggered unexpected consequences that are hitting his livelihood hard.
Jay Allen, a manufacturing business owner in Arkansas and a supporter of Trump, told the Associated Press a key pillar of the president’s economic agenda has backfired on his company.
Allen had voted for Trump expecting tax cuts and deregulation to boost growth, but instead, he says Trump’s import tariffs have sharply increased the cost of essential imported components like steel, engines, and machinery parts used in his equipment.
Those rising expenses have forced difficult decisions. Allen reports operating at a loss in 2025, cutting his workforce significantly, and raising prices by up to 10 percent—moves he fears could further reduce demand.
Jay Allen, a manufacturing business owner in Arkansas and a supporter of Trump, told the Associated Press a key pillar of the president’s economic agenda has backfired on his company.
Allen had voted for Trump expecting tax cuts and deregulation to boost growth, but instead, he says Trump’s import tariffs have sharply increased the cost of essential imported components like steel, engines, and machinery parts used in his equipment.
Those rising expenses have forced difficult decisions. Allen reports operating at a loss in 2025, cutting his workforce significantly, and raising prices by up to 10 percent—moves he fears could further reduce demand.
https://finance.yahoo.com/news/trump-voting-business-owner-decries-125721060.html
4 replies
= new reply since forum marked as read
= new reply since forum marked as read
