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81.5% of Small Businesses Face Tough Choices Ahead

5/27/2025

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Summary

Story summary

Small businesses in the U.S. are grappling with the fallout from trade war tariffs. Entrepreneurs like Jeremiah Chamberlain and Carla Minervini are determined to keep prices steady, even as costs climb. Many are pivoting to local sourcing or trimming their product lines. Alarmingly, a survey reveals that 81.5% of owners may soon face tough decisions on pricing or layoffs.

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Story summary

Small businesses in the U.S. are grappling with the fallout from trade war tariffs. Entrepreneurs like Jeremiah Chamberlain and Carla Minervini are determined to keep prices steady, even as costs climb. Many are pivoting to local sourcing or trimming their product lines. Alarmingly, a survey reveals that 81.5% of owners may soon face tough decisions on pricing or layoffs.