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Bank of America Institute data shows small business hiring slowed 6.7% year-over-year as of July as tariff payments by importing firms surged nearly 170% since early this year.

Local business owners and vendors in Washington D.C. express divided opinions on Trump's federal police presence, citing decreased foot traffic and sales concerns.

Restaurant industry benefits from Trump tax cuts including 100% equipment expensing, permanent small business deductions, and no tax on tips provision for workers.