The article discusses the repercussions of President Trump's tariff policies on small and midsize businesses in the U.S., particularly those in manufacturing. These firms, which contribute to half of the country's industrial output and most supply chain jobs, are facing rising costs and uncertainty, which hinder their ability to thrive. The case of Tormach highlights challenges faced by such companies as they navigate tariff changes. The article emphasizes the critical role these businesses play in the industrial sector and the lack of support they receive amidst growing pressures due to economic changes and tariffs.
As tariffs upend global supply chains, small manufacturers in the U.S. are under mounting pressure—now with fears of recession, business failure, and job losses—just as their contributions are becoming more critical.
Small and midsize businesses—responsible for half of U.S. industrial production and three-quarters of the jobs in supply chain industries—are bearing the brunt of rising costs and ongoing economic uncertainty.
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