U.S.-China Tariff War Threatens Small Business Survival

U.S. tariff policies have significantly impacted various industries, including Brazil's orange juice sector, which faces an estimated additional cost of nearly $100 million, according to Ibiapaba Netto, executive director of the Brazilian Association of Citrus Exporters. Netto argues that these tariffs fail to benefit American businesses and will ultimately burden both the Brazilian industry and American consumers. Meanwhile, small businesses in the U.S. are also feeling the strain from tariffs, with many claiming that the financial pressure could lead to closures, highlighting the vulnerability of small enterprises that constitute a large part of the workforce. Reports indicate that tariffs between the U.S. and China exceed 100%, with small businesses struggling to maintain operations under these conditions. The ongoing trade war has left many businesses in a state of uncertainty, reflecting broader economic challenges. As companies adapt to these tariffs, the debate continues over their effectiveness and impact on both domestic and international markets.