The implementation of President Donald Trump's new tariffs, which have reached their highest levels since the Great Depression, is exerting considerable pressure on U.S. businesses and consumers. Small companies are particularly struggling to comply with the increased import costs, leading many to raise prices on goods. This situation is causing financial strains for smaller firms and working families, while larger companies and higher-income households appear better equipped to absorb the economic impact. The tariffs are contributing to inflation in the United States, with growth underwhelming and inflation remaining high in the first half of 2025. Experts warn that the full economic consequences of these tariffs will be felt over the long term, affecting supply chains and resulting in higher prices, lower quality, or fewer options for American consumers.