Group 1 - The U.S. tariff policy is causing significant harm to small businesses, with many struggling to survive under a 145% tariff on imports from China [1] - Small businesses have limited leverage compared to larger companies, making it difficult to shift production to countries with lower tariffs [1][2] - The financial situation of small business owners is often closely tied to their businesses, with many facing increased debt due to personal guarantees [2] Group 2 - There has been a surge in small business closures attributed to tariffs, with expectations of a wave of layoffs and bankruptcies as new tariffs take effect [2] - The U.S. Chamber of Commerce has urged the Trump administration to implement a tariff exemption mechanism for small businesses unable to absorb the increased costs [2] - The Small Business Administration (SBA) is increasing loan limits for small manufacturers and plans to announce more initiatives to connect small businesses with U.S. manufacturers [3][4] Group 3 - Small businesses account for 46% of private sector employment in the U.S., employing over 62 million people and contributing significantly to net job growth from 1995 to 2021 [4] - Despite calls for relief, the Trump administration has downplayed the need for assistance, suggesting that businesses would thrive if they produced domestically [4] - Many small businesses report difficulties in finding U.S. manufacturers that can produce their products at acceptable prices [4]