As New York City’s small businesses face mounting economic challenges tied to President Trump’s federal tariffs and trade policies, City Council Member and New York City comptroller candidate Justin Brannan on Tuesday unveiled a comprehensive five-pillar small business plan that would leverage the power of the Comptroller’s Office to ensure small businesses have the support and tools needed to survive and thrive in the current climate.
Confronted with rising prices fueled by President Trump’s tariffs on imported goods — on top of inflation and soaring rents — small businesses, which employ nearly half of New York City’s workforce, are facing a level of uncertainty not seen since the COVID-19 pandemic. For immigrant-owned businesses, particularly in hard-hit areas like Chinatown, the stakes are existential.
