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Tariff whiplash is hurting small businesses — and it’s only getting worse

Summary by Fortune
Trump’s trade war isn’t failing. It’s working, just not for the people who voted for it. When Trump eliminated the de minimis exemption, four million packages daily lost duty-free status. That’s 92% of all cargo facing tariffs, and small businesses are drowning. Eight major tariff adjustments in the past 12 months have created a policy whiplash that large corporations can navigate but small businesses cannot. Yet these policies assume corporate-…

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Fortune broke the news in New York, United States on Thursday, September 18, 2025.
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