Gillibrand seeks to refund small businesses from costs of Trump-imposed tariffs
Press Release, U.S. Sen. Kirsten Gillibrand
WASHINGTON, D.C. – U.S. Senator Kirsten Gillibrand, alongside Democratic Leader Chuck Schumer (D-NY) and Senators Ed Markey (D-MA), Angela Alsobrooks (D-MD), Richard Blumenthal (D-CT), Martin Heinrich (D-NM), John Hickenlooper (D-CO), Mazie Hirono (D-HI), Mark Kelly (D-AZ), and Mark Warner (D-VA), introduced the Small Business RELIEF Act to exempt small businesses from global baseline and reciprocal tariffs and to provide refunds to the small businesses that were forced to pay them.
The senators introduced the legislation as U.S. consumers experience the highest overall tariff rate since 1934, and a recent survey found that 30% of small business owners plan to increase their prices.
On August 29, 2025, the U.S. Court of Appeals for the Federal Circuit ruled that President Donald Trump’s so-called “Liberation Day” tariffs were illegal, setting the stage for small businesses to receive relief from the crushing “Liberation Day” tariffs. The Supreme Court agreed to consider whether these tariffs are legal and will hear the case in November. However, the tariffs will remain in place until the Supreme Court makes a decision.
“Small businesses are the backbone of the American economy, but they are especially vulnerable to President Trump’s tariff policies that are suffocating our economy,” said Senator Gillibrand. “Millions of small businesses are already struggling to keep up with rising costs. That’s why I will keep fighting to push back against these reckless tariffs, so every small business has the resources and stability it needs to thrive.”
In April, Senator Gillibrand announced her support for the bipartisan Trade Review Act, which would require congressional oversight of the president’s implementation of tariffs. At the time, she also signed a letter to Commerce Secretary Howard Lutnick demanding that he immediately work to repeal Trump’s tariffs, which will cost the average New York household approximately $2,400 this year alone.
“Small businesses are feeling the brunt of the Trump administration’s economic carnage,” said Senator Schumer. “Tariffs are raising costs, pushing away tourists, slowing down manufacturing, and forcing many businesses to close their doors altogether. Trump’s disastrous economic policy must be stopped, and Congress must pass the Small Business RELIEF Act to protect our economy and small businesses across the country.”