💨 Abstract

An article from 2025 discusses the impact of upcoming tariff changes on U.S. businesses. Effective August 1, many countries will enter new trade agreements with the U.S., ending a period of uncertainty due to Trump's tariff policies. Small businesses, which comprise 97% of U.S. importers, have struggled with fluctuating tariffs, leading to financial difficulties and closures.

Courtesy: WTOP Staff