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They said the US' sizable trade deficits with multiple major trading partners should prompt Washington to recognize that the problem lies at home, rather than continue hyping the so-called issue of Chinese "overcapacity."
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They said the US' sizable trade deficits with multiple major trading partners should prompt Washington to recognize that the problem lies at home, rather than continue hyping the so-called issue of Chinese "overcapacity."
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After President Trump imposed tariffs on Canadian goods last year, Canada’s provincial leaders hit back. The majority of provinces exercised their power over the distribution and sale of alcohol to pull U.S.-made wine, spirits and beer from most store shelves and stopped placing new orders.
The stakes for U.S. alcohol producers are high. Small businesses are especially vulnerable and caught in the crossfire.
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Note: The Global Small Business Blog has been in operation since 2004 and is ranked number one in the world for entrepreneurs and small businesses interested in going global. As of May, 2026, we average between 700,000-900,000 readers a month. Thank you for your engagement!
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Small businesses worldwide are facing a widening financial "pressure gap" due to global instability, according to a new global survey from Bookipi, a global platform offering a comprehensive suite of AI-powered business management tools tailored for small businesses (SMBs) and solopreneurs.
Tariffs, inflation, geopolitical instability, and trade tensions are driving costs higher, making customers more cautious, delaying payments, and prompting small business owners to hesitate before raising prices to protect profits.
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Given the Trump Administration’s aggressive response to the Supreme Court’s decision, in which he promised to maintain or increase tariffs on importers of foreign goods using other sections of the Trade Act of 1974, it seems unlikely that material tariff relief for small businesses is coming soon.
Note: The Global Small Business Blog has been in operation since 2004 and is ranked number one in the world for entrepreneurs and small businesses interested in going global. As of May, 2026, we average between 700,000-900,000 readers a month. Thank you for your engagement!
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There’s no question his tariffs are raising costs for U.S. manufacturers. At the same time, foreign retaliation has hurt America’s farmers and depressed purchases of agriculture equipment. A slowdown in trade has also dented demand for semi-trucks.
Plus, the uncertainty hanging over the extension of the U.S.-Mexico-Canada trade agreement is delaying some investments since businesses don’t know what the trade rules or tariffs will be in a few years – or even tomorrow with Trump.
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Learn more about Section 122 and ST&R's update.
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Further, White House is slow-walking refunds. Judges shouldn’t let the Administration get away with another bait-and-switch.
Read the entire gifted article.
Note: The Global Small Business Blog has been in operation since 2004 and is ranked number one in the world for entrepreneurs and small businesses interested in going global. As of February 1, 2026, we have more than 900,000 readers on a monthly basis.
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"Well, that will show the Supreme Court—or something. President Trump is reacting to his Friday tariff defeat not by calming the trade waters but by roiling them further. He is aiming in fury at the Supreme Court, but he will end up hitting the economy and Republicans in Congress.
The larger reality is that Mr. Trump is so bull-headed about tariffs that he’s going to re-impose them any way he can. Along with Section 122, he’ll fire up more Section 201, 301 and 232 (national security) studies and tariffs. But as our friend Don Luskin points out, these are pea shooters compared to the IEEPA tariffs the Court struck down. They are limited in scope and duration."
Access full commentary here on The Unending Trump Tariff Mess.
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The resistance to American products overseas has been especially painful for wine producers who had significant export markets, like Kutch Wines, which makes small amounts of exquisite pinot noirs and chardonnays from the Sonoma Coast and the Santa Cruz Mountains.
Another California winemaker, Ridge Vineyards, a much bigger producer than Kutch, produces 28% of its sales through exports.
“Export has always been a big part of our business, and we’ve seen the effects,” he said. “The reaction was immediate and severe. Canada just stopped importing. It was our third-largest export market after the United Kingdom and Japan, and it just went away," says John Olney, Ridge's chief executive and head winemaker.
Since taking office last year, President Trump imposed tariffs on virtually all products imported into the United States. These tariffs have caused disdain for American businesses.
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Loftie needs components from abroad, and while it looked into operating a factory in Thailand, that turned out to be even more expensive than operating in China. “Until there’s some finality on these tariffs, it’s too risky to bet on being able to even sell here [in the U.S.],” Hassett told Modern Retail in an interview.
Read about Hassett's new plan here.
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The nation's highest court, the Supreme Court, agreed to expedite a case challenging Trump's authority to impose broad tariffs under federal law. The justices scheduled arguments for November, an unusually quick timetable by the court's standards.
Let's see where this goes. Hold on global small businesses. Keep fighting!
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Learn more - the state of the economy, workforce, tariffs, the permitting process and the state of American business.
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Tariffs are being added and subtracted by the hour, causing wild swings in the global economy that could potentially cost you a ton of money. A ton of people who used to have jobs that seemed stable are now being fired. Plus, you’ve got whatever is happening in your personal life to deal with on top of worrying about a looming economic crisis.
Here are some tips from mental health pros that can actively help you cope with all the chaos going on in the world.
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Their fear stems from the specter of a stagflationary shock, in which inflation intensifies as growth stalls.
Stagflation is an economic situation where high inflation, slow economic growth (stagnation), and high unemployment occur simultaneously. It is a difficult economic condition to manage because efforts to combat one aspect (like inflation) can worsen the others (like unemployment).
The economy has been resilient. For how long? The new round of tariffs may hit harder.