Small Business Owners Express Tariff Concerns

Small Business Owners Express Tariff Concerns

Small Business Owners Express Tariff Concerns

Alignable's March Tariff Report reveals that 41% of small business owners expect revenue losses—an 11-point jump from 30% last month. Of those, 18% anticipate significant declines due to tariffs

These findings are based on 5,288 responses from randomly selected small business owners polled between Feb. 7–28 by Alignable, the largest online networking platform for small businesses.

Why this matters: Small businesses drive 44% of U.S. GDP, but instead of planning for growth in 2025, many are now focused on simply staying afloat.

More key findings include:

  • Manufacturers are under increased pressure: Now, 54% fear tariff-related financial trouble—a 29-point surge from last month.
  • Other industries expecting revenue declines include retailers (54%), science/technology (51%), transportation (49%), restaurants (45%), and automotive (43%).
  • Most concerned states: Georgia (51%), Minnesota (49%), Colorado (48%), Illinois (47%), California, Massachusetts, and Washington State (46%), and New York (45%).
  • However, 19% of small business owners believe tariffs will ultimately boost their income and will strengthen the U.S. economy down the road.
Published: March 12th, 2025

Share this Feature

MY SALON Suite
SPONSORED CONTENT
MY SALON Suite
SPONSORED CONTENT
MY SALON Suite
SPONSORED CONTENT

Recommended Reading:

Movita Juice Bar
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Tropical Smoothie Cafe
ADVERTISE SPONSORED CONTENT
Multi-Unit Franchising Conference
Conferences
Caesar's Forum, Las Vegas
MAR 24-27TH, 2026

Ace is #1 for convenience hardware! You pay no royalty fees. Instead, Ace pays you a year-end rebate based on your annual purchases. Enjoy the...
Cash Required:
$350,000
Request Info
Join one of the top dog franchises and become part of one of the country's fastest-growing industries. The Central Bark franchise is built on...
Cash Required:
$300,000
Request Info

Share This Page

Subscribe to our Newsletters