PRESS | NSBA Data Sheds Light on Tariffs and Small Business Impacts
- NSBA
- Apr 9
- 2 min read
On the subject of tariffs,"...business sustainability and growth, the ability to access financing and a whole host of other factors that stand to disproportionately harm Small Business when there is economic churning or unrest."
FOR IMMEDIATE RELEASE
April 9, 2025
Contact:
Molly Day
202-552-2904
NSBA Data Sheds Light on Tariffs’ Impact on Small Business
Washington, D.C. – As the administration’s tariffs are being imposed, small businesses are feeling various impacts that run the gamut from positive to negative. NSBA will continue to monitor the situation and seek input from our 65,000 members on how these tariffs and the resulting economic environment are impacting their businesses.
Below is a statement from NSBA VP of Public Affairs Molly Day.
“NSBA’s members are extremely diverse, and, as such, have varying opinions on the tariffs. According to NSBA’s Taxation Survey, which was fielded in December 2024 and January 2025, it’s about an equal split among small-business owners who say they’re directly or indirectly impacted and those who say they are not impacted. One-third of respondents to that survey said they use goods in their business that they directly source from outside the U.S., and among those, the vast majority identified China as a country they purchase from. More than half of respondents said they were concerned about increased tariffs, with one-in-three saying they are very concerned.
“Furthermore, beyond those directly or even indirectly impacted, there are growing concerns about overall economic stability and what that means for business sustainability and growth, the ability to access financing and a whole host of other factors that stand to disproportionately harm small business when there is economic churning or unrest.
“All that said, I suspect the outlook might be a little different today now that so many additional tariffs have been imposed much more broadly. NSBA is in the process of fielding our broad economic survey which asks questions about economic outlook, business confidence, tariffs and more. Initial indicators should be available over the next week or so.”
Please follow NSBA at @NSBAadvocate for details and reach out to our media affairs department for additional information.
Celebrating more than 85 years in operation, NSBA is a staunchly nonpartisan organization advocating on behalf of America’s entrepreneurs. NSBA's 65,000 members represent every state and every industry in the U.S. Please visit www.nsba.biz or follow us at @NSBAAdvocate.
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