Small businesses across the U.S. find themselves grappling with significant financial strains, primarily attributed to tariffs imposed under former President Trump. Recent press conferences led by Senator Edward J. Markey (D-Mass.) and Senator Tim Kaine (D-Va.) highlighted the staggering $46.6 billion in tariffs that small businesses have paid nationwide between March and September 2025. This financial burden has repercussions that small business owners can no longer ignore, particularly as they navigate the complexities of the holiday season.
Senator Markey pointed out that states are feeling the impact, with Massachusetts small businesses alone facing a tariff cost of $489 million. “What should be a season of giving has become a season of paying for America’s 36 million small businesses,” he remarked. According to Markey, rising costs—whether for healthcare, energy, or supply chain management—are adding stress to business owners already striving to survive in a challenging environment.
The press conference featured testimonies from small business owners who shared vivid experiences of how tariffs have entrapped them in a cycle of increasing expenses. Julie Robbins, CEO of EarthQuaker Devices in Akron, Ohio, revealed that her company has suffered a 10% drop in sales while paying over $60,000 in tariffs this year alone. She noted that heightened electricity rates, rising by 30%, alongside anticipated cuts to the Affordable Care Act (ACA) tax credits, are creating a perfect storm that limits their capacity for innovation, hiring, or even basic operational stability.
Robbins’ frustration resonates with many small business owners as they feel the weight of market fluctuations and government policies. “We’ve spent countless hours searching for solutions that don’t exist,” she added, echoing a sentiment prevalent among small businesses facing the dual challenges of tariffs and increasing operational costs.
Shirley Modlin, co-owner of 3D Design and Manufacturing in Powhatan, Virginia, reinforced these frustrations by discussing how tariffs complicate not just profitability but also the ability to provide essential benefits for employees. “Affordability for small businesses like mine is increasingly out of reach,” she said, emphasizing the struggle to attract and retain talented workers amid rising costs.
Senator Kaine expressed that the narrative of American small businesses must shift back to one of support and relief rather than burden. “Small businesses are the backbone of our economy,” he stated, calling for an urgent evaluation of the government’s approach to tariffs and healthcare policies affecting small business viability.
As small business owners consider their next steps, there are key takeaways to keep in mind regarding the current political landscape:
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Monitor Policy Developments: With calls for a repeal of detrimental tariffs gaining traction among some lawmakers, small business owners should stay informed about proposed legislation aimed at easing their burdens. The Small Business RELIEF Act, introduced by Markey, proposes tariff exemptions and refunds for affected small businesses.
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Evaluate Cost Structures: Given the significant rise in operational costs, especially for energy and healthcare, small businesses may want to reevaluate their expenditure strategies. Investing in energy-efficient technologies or exploring workplace health programs can potentially mitigate rising costs in these areas.
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Network for Solutions: Collaborating with local chambers of commerce or other small business networks can provide critical support. Sharing experiences and strategies can help businesses collectively navigate these challenges.
- Stay Engaged in Legislative Advocacy: Small business owners have the opportunity to voice their challenges directly to local representatives. Participating in advocacy efforts can amplify their concerns and drive legislative attention towards relief measures.
Despite the hurdles, the resolve shown by small business owners in their testimonies at the press conference indicates a willingness to adapt and advocate for meaningful change. As these small enterprises represent the lifeblood of the American economy, their fight for affordability and sustainability continues to be crucial.
For further details, the original press release can be found here.
Image Via BizSugar
