May 2025

As last week commemorated National Small Business Week, it's a timely opportunity to recognize the global role of American small businesses and the serious challenges they navigate in today's trade environment. Despite their size, these companies account for one-third of all U.S. imports, contributing over $868 billion in trade value. Small businesses are deeply involved in the international supply chain, from sourcing vital components to shipping finished products abroad.

The significance of trade for these companies is clear: According to a study by FedEx, 75% of small and mid-sized business leaders report that global trade directly affects their operations. For many, it's not just a factor—it's essential. Whether navigating Customs procedures, managing shipping timelines, or responding to a shifting tariff landscape, international trade is a core part of how these businesses operate and grow.

Since April 2, the cost of tariffs imposed on small businesses has surged beyond $26.5 billion, climbing by more than $9,000 every second. These added expenses can be the tipping point between expansion and closure. Small businesses aren't just neighborhood establishments; they're active participants in the global economy. Their resilience and innovation drive U.S. competitiveness abroad and strengthen supply chains at home.

For many companies, the ability to plan, price, and compete depends on anticipating changes in tariffs, regulatory requirements, and international logistics. Even minor shifts in policy can create significant disruptions for businesses that may not have the resources to absorb costs or quickly identify new sourcing options.