How Trump’s tariffs are already impacting U.S. small businesses

Small businesses are already being hit hard, but here’s what these tariffs could mean for the global economy in the long run. Since the Trump administration took office on January 20, immense changes have overwhelmed business owners of all sizes. Perhaps most impactful are the tariff policies President Trump was touting before election and is now enacting—theoretically to prioritize American business, but possibly upending businesses of all sizes.