How Trump’s Tariffs Are Crushing Small Businesses While Big Retailers Thrive

Small businesses are reeling under the weight of Trump tariffs. Eunice Byun is the CEO of Material Kitchen, a small business that sells kitchenware for the home. She says the complexity of her supply chain has increased tenfold. Anjali Bhargava the owner of Anjali’s Cup which sells chai concentrate and turmeric blends says the current economic climate along with tariffs are threatening her livelihood. The U.S. has about 36 million small businesses that account for about 99.9% of all U.S. businesses. So what impact are tariffs having on small businesses and how are larger retailers like Walmart and Amazon able to skirt their impact. CNBC spoke with small business owners to find out.

Chapters:
0:00- 2:19 Introduction
2:20 - 5:55 Chapter 1 Mitigating tariffs
5:56 - 8:52 Chapter 2 Tariff impact
8:52 - 11:25 Chapter 3 Large retailers

Produced and Shot by: Shawn Baldwin
Reporter: Lori Ann LaRocco
Edited by: Mike Heffron
Animation: Mallory Brangan
Senior Director of Video: Jeniece Pettitt
Additional Footage: Getty Images

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How Trump’s Tariffs Are Crushing Small Businesses While Big Retailers Thrive

Post from CNBC on November 07, 2025

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