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04/30/2025

Survival or Surrender

How tariffs may force small businesses off the stage

 

Small- to medium-sized businesses (SMBs) can be squeezed from a new direction each day.

Some of those squeezes are starting to hurt, particularly the U.S. tariffs on foreign trade.

As tariff regimes proliferate from Washington to Brussels to Beijing, SMBs are being forced to make tough choices. They need to find new ways to share, offset or avoid costs, or risk ceding the global marketplace to larger rivals. One question for many Main Street business owners is whether they can survive or if they must surrender.

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