Small business owners are reportedly taking out high-interest loans and raising consumer prices to manage increased tariff costs. Economists suggest these struggles could signal broader economic challenges ahead as companies navigate trade policy changes.
Small Business Financial Strain Under Trade Policies
According to reports from CNBC, numerous small businesses are facing significant financial pressure due to recent trade policies implemented by the Trump administration. Sources indicate that companies like AV Universal Corp., which imports footwear from India, have seen tariff bills increase from approximately $7,500 to requiring $250,000 loans to cover import costs.