Small Business Owner Speaks Out on the Impact of Tariffs

April 27, 2025 - 18:34

In a recent interview on “This Week,” co-anchor Martha Raddatz engaged with a small business owner who expressed deep concerns over the effects of tariffs. The owner highlighted that the current tariff policies could severely threaten the viability of his business, stating that they would "pretty much put us out of business."

He explained how the increased costs associated with tariffs have led to higher prices for consumers, making it increasingly difficult for small businesses to remain competitive. The owner emphasized that while larger corporations may have the resources to absorb these costs, small businesses often lack the financial cushion to navigate such economic challenges.

This situation has forced many small business owners to reconsider their pricing strategies and even their operational models. The owner urged policymakers to consider the real-world implications of their decisions, stressing the need for a balanced approach that supports small businesses while promoting economic growth. The conversation sheds light on the broader issues facing small enterprises in the current economic climate.