Black business owners are facing declining sales due to tariffs, with 52% reporting a decrease in sales as of June 2025.
Alignable's survey of over 4,000 small business owners, including 196 Black business owners, highlights the impact of tariffs on industries such as restaurants and retail, led by Black entrepreneurs.
President Donald Trump's announcement of new tariffs adds to the challenges faced by small businesses, affecting costs, profits, and competitiveness.
Actions that businesses, including Black-owned ones, can take to mitigate tariffs include renegotiating contracts, investing in supply chain technology, and exploring alternative suppliers and markets.