Impact of the 2025 U.S. Tariffs on Small Businesses: A Closer Look
In April 2025, the U.S. administration implemented a series of tariffs that have significantly affected small businesses across the country. These tariffs include a universal 10% levy on all imports, with substantially higher rates on specific countries—104% on Chinese goods and 46% on Vietnamese products. Challenges Faced by Small Businesses Small enterprises, particularly those…
