President-elect Donald Trump’s proposed policies may impact small businesses. Key proposals include imposing tariffs on imports, extending tax cuts like the qualified business income deduction, and relaxing overtime pay rules. His immigration overhaul could create labor shortages, especially in industries like agriculture and construction. Deregulation efforts may reduce costs for businesses in highly regulated sectors, despite potential legal challenges.
President-elect Donald Trump’s proposed policies may impact small businesses. Key proposals include imposing tariffs on imports, extending tax cuts like the qualified business income deduction, and relaxing overtime pay rules. His immigration overhaul could create labor shortages, especially in industries like agriculture and construction. Deregulation efforts may reduce costs for businesses in highly regulated sectors, despite potential legal challenges.