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Washington, D.C. – Today, U.S. Senators Catherine Cortez Masto (D-Nev.) and Ben Ray Luján (D-N.M.) hosted a Spotlight Forum titled “Costs, Chaos, Corruption: The Household Impact of Trump’s Tariffs” to examine how President Trump’s tariff policies fuel economic instability, raise costs on working families, and harm the travel and tourism sector. During the forum, Cortez Masto asked small business owners to describe the impacts of the tariffs on their individual businesses.
Senator Cortez Masto highlighted the concerns she has heard while traveling across Nevada – the effects on tourism, the rising costs for families, and the squeeze that small businesses across the state are feeling.
“Let me ask you, because I think…some of this is also getting lost, not only the additional costs that you are incurring because of these tariffs [but] the additional opportunities,” she said to Preston Martin, CEO of Bicycle Technologies International who was planning to open a 29,000 square foot warehouse in Reno and had to cancel the contract because of additional costs brought on by tariffs. “What we also are missing out on here are the jobs that are created, the opportunity to put people to work. Mr. Martin, if you were able to open that warehouse in Reno, how many people would you have employed in Nevada?” she asked.
Martin confirmed in his response that he would have been able to increase his workforce in Nevada by 50 percent.
“Our policies should be congressionally-driven in the sense that we want to grow this economy and create jobs,” the Senator continued. “And the policies are just the opposite…People want a good life. They want less stress. They want to be able to work. They want a good economy. They want everybody to thrive. And that’s where our policies should be, but this [trade] policy is not there.”
Senator Cortez Masto has continued to push the Trump Administration to address the impacts of Trump’s tariffs on working families and Nevada small businesses. Last week, Cortez Masto led the Nevada delegation in a letter to President Donald Trump urging him to reverse his blanket tariffs that have had harmful impacts on Nevada. During a Senate Finance Committee hearing, Cortez Masto pressed U.S. Trade Representative Greer about the impacts of President Trump’s blanket tariffs on Nevadans, particularly those employed in the tourism and hospitality industry. The Senator introduced the Tariff Transparency Act to require the U.S. International Trade Commission to publicly investigate how Donald Trump’s recent tariffs on imports from Mexico and Canada will impact the American people.
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