The tariff toll on America's small businesses

Small businesses and their customers can expect higher prices as a result of US President Donald Trump's newly imposed import tariffs.

Small businesses and their customers can expect higher prices as a result of US President Donald Trump's newly imposed import tariffs.

Image by: Photo by Robyn Beck / AFP

Published Apr 16, 2025

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America's small businesses, the backbone of the economy, are struggling under the weight of rising tariffs. This has resulted in substantial losses, rising prices and shrinking margins. With retaliation from China, Canada, and Mexico, small businesses – especially in agriculture – are bearing the brunt.

CGTN explore the true impact of tariffs on U.S. small businesses. Watch now to uncover the hidden cost of protectionism.