Tariffs in Turmoil: Small Biz Hit Hard by 2025 Trade Push
The Dispatch chronicles how Trump’s 2025 tariff program, under IEEPA, disrupted American commerce and squeezed small businesses. Stories like Busy Baby Mat’s owner cutting staff and draining savings illustrate widespread revenue losses and looming costs as shipments stalled and duties rose. While tariff revenue increased, studies say Americans shoulder about 96% of tariff costs. The Supreme Court could rule the tariffs illegal, potentially triggering refunds, but uncertainty remains whether the administration will reinstate tariffs under other codes, prompting firms to rethink supply chains and some to seek suppliers abroad.
