WorldPolitics

US midterms: Trump 'has done everything to make life difficult for business owners'

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 04/11/2026, 08:53:24 UTC.

Briefings

Following the 2024 US midterm elections, Democrats secured control of Congress, prompting concerns about the economic impact of President Trump's global tariffs. A consulting firm reported a 46% increase in small business bankruptcies in the US between October 2024 and the current period, while local business owners in Bogota, Colombia, were interviewed regarding their coping mechanisms and economic effects of import taxes.

Key points

• Small business bankruptcies in the United States increased by 46% in the period following the 2024 midterm elections, according to a consulting firm's assessment.
• Local business owners in Bogota, Colombia, were interviewed to understand how they are coping with import taxes imposed by President Trump.

Context

The article examines the economic consequences of Trump's global tariffs on the US midterm election outcome. It highlights a 46% rise in bankruptcies and includes interviews with Bogota-based business owners about their experiences with import taxes.

Limitations

Data on US bankruptcies is from a specific consulting firm's October assessment covering the period after the 2024 midterm elections. Interviews with local business owners in Bogota, Colombia, are limited to the scope of the article's reporting and do not represent a broader national survey.

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