A recent survey of U.S. small- and medium-sized enterprises (SMEs) reveals nearly half have faced cost increases exceeding 20% due to tariff policies, with similar numbers reporting reduced shipment volumes. The study, conducted by Barcelona-based Freightos, surveyed 336 SMEs between August 19 and September 9, highlighting how smaller businesses struggle disproportionately compared to larger corporations.
Adam Lewis of Clearit Customs Brokerage told Bloomberg: "Small- and medium-sized businesses are bearing the brunt of the trade war. They lack the resources to absorb tariff changes and rising costs." Nearly 60% of respondents said U.S. trade policies have weakened America's standing as a trading partner.
Meanwhile, a Yale University analysis warns that tariff-driven price hikes could push 650,000–875,000 more Americans below the poverty line by eroding household purchasing power. Researchers noted import taxes now average over 18%—the highest since 1933—while a recent U.S. court ruling challenged the legality of tariffs imposed under emergency powers laws. The Supreme Court is set to hear the case in November.
These findings underscore how trade policies are reshaping global supply chains, disproportionately affecting SMEs, and exacerbating economic inequality.
