Tariffs Hinder U.S. Innovation

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Associated Press News

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Business

Business & Economics

Innovation takes a backseat at small companies as tariffs become a full-time preoccupation

Summary

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82% Informative

President Donald Trump 's tariffs are stifling U.S. innovation, entrepreneurs say.

Research and development have taken a backseat to recalculating budgets, negotiating with vendors and tracking shipments.

Small companies say they are spending more time on cutting costs, suspending or arranging orders.

Trump has argued curtailing foreign imports with tariffs would help revive the nation's diminished manufacturing base.

The footwear is made from recycled plastic bottles with advanced knitting, 3D printing and computerized stitching techniques.

Embracing new technology is essential to restoring manufacturing capability in the U.S. and competing with Asia .

Learning Resources CEO Rick Woldenberg said roughly 25% to 30% of the 350 employees at the company’s headquarters are working at least part-time on tariff-related tasks.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

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not offensive

Hate speech

not hateful