Small Businesses Struggle Under the Weight of Trump’s Tariffs

Small businesses in the US are facing significant challenges due to Trump's tariffs, which have increased costs for supplies and materials, limited their bargaining power, and created economic uncertainty, especially for those with fewer resources. Larger firms and higher-income households are better equipped to handle these changes, while small businesses and lower-income households are experiencing financial strain and cautious hiring, with some potentially needing to raise prices or reduce staff to survive.