Tariff Turmoil: The Unintended Consequences of Trump's Trade War The latest salvo in the ongoing trade war has left small business owners reeling, as the Trump administration's tariff policies continue to wreak havoc on an already uncertain economic landscape.
A recent report from Crux Analytics paints a stark picture of the devastating impact these policies are having on the nation's smallest businesses.
Small business bankruptcies have skyrocketed by 67% in the first quarter of 2026, with total business bankruptcies up 14% year over year.