Weatherhead’s Jonathan Ernest on impact of Trump’s India tariffs on small businesses
Documented: Jonathan Ernest, associate professor at Weatherhead School of Management, said Trump’s 50% tariffs on India could devastate immigrant small businesses, since the U.S. lacks capacity to onshore most manufacturing. Even in industries such as steel or microchips, Ernest noted, American labor costs far exceed global hubs, leaving storeowners to absorb soaring prices.
