Small Businesses Struggle as Tariffs and Energy Costs Undermine Economic Gains
By
Sydney Ember
Summary
Small businesses in the U.S. started 2025 with optimism as inflation eased, borrowing costs fell, and tax breaks emerged. However, renewed pressures from the war with Iran, rising fuel costs, accelerating inflation, and dimming prospects for interest rate cuts have reversed that outlook. While large corporations and the stock market thrive, small businesses are struggling under the weight of tariffs and higher energy prices that have drained their resilience and finances.
Source
bskySmall Businesses Struggle as Tariffs and Energy Costs Undermine Economic Gainsnytimes.comKey quotes
· 3 pulledAfter unrelenting economic shocks, small businesses around the country were feeling plucky at the start of the year.
That cheeriness has faded.
Even as large corporations are posting solid earnings and the stock market is booming, small
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