U.S. tariffs are hitting small businesses hard—and it’s not just about profit margins. A new survey reveals nearly 50% of SMEs saw costs spike by over 20% due to trade policies, while 60% say America’s global trade reputation is tanking. 💸 ‘Small businesses are bearing the brunt,’ says Adam Lewis of Clearit Customs Brokerage. Unlike big corporations, they can’t absorb tariff shocks or currency swings.
Meanwhile, a Yale University analysis warns tariffs could push 650,000–875,000 Americans below the poverty line. Rising prices lift inflation-indexed poverty thresholds without boosting incomes, trapping families in financial limbo. 📊 ‘This isn’t temporary—it’s reshaping global trade,’ adds Freightos researcher Judah Levine.
Legal battles add fuel to the fire: A federal court recently ruled Trump overstepped by using emergency powers to impose tariffs. The Supreme Court will weigh in this November. ⚖️
Bottom line? Tariffs are reshaping economies—and lives—with SMEs and households paying the price. 🌍💼
