Section 122 Tariff Decision is a Win for Small Businesses

Over the past year, tariffs have devastated small businesses. Small Business Majority’s research found 30% of small businesses say they have paid tariffs on imports for their businesses. Of those impacted directly by tariffs, more than half are facing increased costs from their suppliers, 47% have increased the price of certain materials or products, 24% have delayed importing goods or materials, 26% have delayed business expansion plans, 19% have delayed hiring new employees, 15% have changed their business model and/or product offerings and 7% have laid off workers and/or reduced their hours. These findings track with a recent report by the Joint Economic Committee that found businesses with fewer than 10 employees lost nearly 300,000 jobs since April 2025, and that April 2026 was the 13th consecutive month of job losses for these small businesses.

Given that court after court has objected to the ways in which tariffs have been imposed over the past year, a clear message has been sent that tariffs are not a viable avenue for achieving our nation's trade and manufacturing goals. But it also could not be more apparent that tariffs have done deep and irreparable damage to countless small businesses. In response, policymakers must focus on lowering costs for small firms, leveling the playing field so that Main Street can compete fairly with large corporations and pursuing pro-growth small business policies.”