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As tariff threats escalate, so do economic alarms from Main Street. Alignable’s June Tariff Report, developed in collaboration with researchers from Harvard Business School and the Massachusetts Institute of Technology, reveals several troubling trends. But this one sets the tone: 44% of small business owners are already seeing revenue declines tied to tariffs and ongoing uncertainty. That's up sharply from 26% in May.
Even more alarming: 20% fear their businesses won’t survive into 2026 if trade war policies persist or escalate.
“The trade war isn’t just affecting a few industries or importers," said Eric Groves, Alignable’s CEO. "The uncertainty is cascading through supply chains, cutting into margins, and stifling confidence throughout the economy. Small business owners are caught in the crossfire.”
Additional key findings:
Get more details and see the full report here.