Small Business Administrator Kelly Loeffler visited Georgia businesses this week, discussing the Trump administration's initial 100 days and economic policies, including trade tariffs impacting local companies.
Loeffler, a former U.S. senator for Georgia, met with owners and employees at Winton Machine Company in Suwanee on Monday. The visit centered on assessing the effects of the administration's policies as it completed its first 100 days in office.
Speaking to attendees, Loeffler highlighted changes within the Small Business Administration, noting a focus on running the agency effectively. She reported a significant rise in demand for capital through SBA loan programs. "Now because of our focus on making sure that we run this agency properly, we've seen a historic surge in demand for capital through our loan programs from our job creators, our small businesses,” Loeffler said Small Business Adminstrator Kelly Loeffler visits Georgia to commemorate Trump's first.
While Loeffler emphasized positive outcomes, some business owners in Georgia have voiced concerns regarding the administration's trade strategy, particularly new tariffs.
Since the administration took office, notable tariffs have been imposed, including a 145% tariff on Chinese imports. These measures aim to reshape trade relationships but present challenges for businesses relying on imported goods.
The increased costs due to tariffs are being felt by companies like Superline Network, a wholesaler sourcing products internationally. Eric Lee, a manager at Superline Network, stated they are delaying shipments from China to avoid the higher tax burden, instead focusing on inventory from countries less affected. Meanwhile, Lisa Winton, CEO of Winton Machine Company, noted her company's reliance on domestic manufacturing but acknowledged importing some components, facing increased prices that must be absorbed. Winton expressed hope for a balanced outcome but described the current situation as one of uncertainty Shoppers and businesses looking to find a way around higher prices due to tariffs.
Addressing the business concerns, Loeffler framed the tariffs as part of an effort to ensure fair trade. When asked about direct plans to assist businesses struggling with current tariff costs, she stressed the administration's priority of cutting taxes for businesses.
Loeffler stated that the current period is important for trade negotiations. She described tariffs as one element within the administration's broader economic plan. "Those small businesses would absolutely buckle under the weight of a tax increase," Loeffler said, emphasizing the importance of tax relief for business stability.
