Retailers Seek Opioid, Tariff Relief After Trump Policies Impact Workforce
The Trump administration's immigration policies, including raids and work authorization terminations, have significantly impacted essential workers and the broader workforce. Meanwhile, U.S. businesses have seen a record $187.2 billion in credit and debit card swipe fees, driving up consumer prices. Retailers, however, have found some relief with the signing of the One Big Beautiful Bill Act, which provides certainty and maintains pro-growth policies.
The One Big Beautiful Bill Act, signed on July 4, has given retailers a sense of security. However, retailers are now calling on Congress to expand 'Good Samaritan' protection to reduce opioid overdoses, aiming to increase naloxone availability without liability concerns. Small businesses, particularly those on Main Street, are feeling the pinch of record-high tariffs, with retailers and consumers worried about price increases, especially during the early start to back-to-school shopping this year.
The Combating Organized Retail Crime Act of 2025, led by bipartisan efforts from Senators Chuck Grassley (R-Iowa), Catherine Cortez Masto (D-Nev.), Jon Husted (R-Ohio), and Representative David P. Joyce (R-OH-14), is being advanced to tackle organized retail crime. This act, reintroduced in April with broad bipartisan support, aims to address the growing concern of retail crime. Despite efforts to modernize U.S. payments and promote innovation, legacy financial institutions are seeking to dominate the digital payments landscape.
The retail industry, supporting over 55 million U.S. jobs, is feeling the pinch of various policies. While the One Big Beautiful Bill Act provides some certainty, retailers are seeking further protection from opioid overdoses and relief from tariff-related price increases. The Combating Organized Retail Crime Act of 2025 is being advanced to combat retail crime, with bipartisan support. Meanwhile, over $100 billion in tariff revenue has been collected since Jan. 20, 2025, paid by American importers, not foreign trading partners.
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