Nearly 60% of U.S. small business owners are 'somewhat' or 'very' concerned that Trump's tariffs will harm their businesses

It's a 15-point increase from the end of 2024 when only 45% were concerned about tariffs.

The horizontal bar chart shows the share of U.S. small business owners who are worried (or not worried) about Trump's tariffs, parsed by calendar quarter, from Q4 2024 through Q2 2025.