One in five entrepreneurs fear their businesses won’t make it to 2026 if tariffs persist, according to a new report from Alignable.
The report found 44% of small business owners are seeing their revenues drop due to tariffs in June, up from 26% of owners last month.
The average reported revenue decline is 13%, but 20% of business owners report losses of more than 25%.
“Using the threat of tariffs as a short-term negotiation ploy is triggering real, long-term damage across our economy,” Alignable CEO Eric Groves said in a statement. “It’s not just a few industries or importers. The uncertainty is cascading through supply chains, cutting into margins, and stifling confidence. Small business owners are caught in the crossfire.”
Industries most affected include wholesale trade, restaurants, retail, manufacturing, construction and agriculture.
Read the full report here.
