BUSINESS

Big Businesses Pinning Hopes on Trump's Economic Shifts

USAFri Jan 03 2025
The wealthy couldn't be happier. Bitcoin soared past $100, 000 last year, and banks celebrated Donald Trump's victory. Wall Street is eagerly waiting for stock gains in 2025. At the same time, homelessness jumped 18%. Small business owners worry about Trump's tariffs and immigration threats. It's a story of the rich getting richer, with big companies ready to benefit and small ones struggling. Only the biggest businesses can beat the system with their teams of lawyers and lobbyists. Banks and crypto enthusiasts are also excited about potential looser regulations. Bankers celebrated Trump's win, and Wall Street expects stock surges. The crypto world is thrilled and Bitcoin has hit record highs. Small business owners were happy with Trump's win, but many might be echoing Republican sentiments. Despite political alignments, small businesses already faced inflation and now dread higher costs from tariffs. Companies are already stockpiling goods, which isn't efficient. Large firms have lobbyists in Washington, but small businesses can't compete. The game favors those who can score exemptions from tariffs and keep costs low, raising their profits.

questions

    How will small business owners adapt to the potential tariff increases under Trump's administration?
    What strategies can small businesses employ to mitigate the impact of higher import costs?
    If bankers are dancing in the streets, who will choreograph their moves?

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