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Mom & Pop Shops Closing in Record Numbers – Are Tariffs to Blame?
by Martin Armstrong, Armstrong Economics: Subchapter V filings intended for small businesses have risen 8% annually to 2,221 bankruptcies as of November 2025. Bloomberg and other various sources are blaming Trump’s tariffs, but they are missing the mark entirely. “High borrowing costs, cautious consumers and the Trump administration’s trade war are weighing on earnings for […]
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