Governments impose tariffs on imported or exported goods, often used to protect domestic industries, influence trade balances, or respond to geopolitical tensions. While the broader economic effects of tariffs are widely debated, their impact on small businesses is significant . According to the U.S. Small Business Administration (SBA), small businesses makeup 99.9% of all U.S. firms and often lack the resources to absorb or quickly adapt to the costs associated with tariffs. These costs can lead to rising expenses, disrupted supply chains, and strain operations and profitability. However, with strategic planning, small business owners can mitigate these challenges. This article explores how tariffs affect small businesses, supported by real-world examples and data, and offers actionable strategies for navigating these impacts. The Impact of Tariffs on Small Businesses Increased Cost of Goods Tariffs directly raise the cost of imported goods, whether raw materials, components, or...