Trump administration announces new tariffs as small businesses show resilience from prior
The Trump administration announced new tariffs ranging from 10% to 12.5%, but U.S. small businesses are largely unmoved compared to previous rounds that reached 145%. Lower rates, $122 billion in refunds from prior tariffs, and confidence in court challenges have made the latest levies less disruptive. Business owners say they have adapted through supply chain innovations and alternative sourcing strategies.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 02 Aug 2026, 12:00 UTC · Updated 02 Aug 2026, 12:10 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections