According to The White House, Trump's tariffs are expected to positively impact small businesses by reducing foreign competition, which can lead to increased market share for domestic producers. This is particularly relevant for businesses in manufacturing sectors where import competition is high, potentially resulting in higher sales and revenue growth.

According to The Kobeissi Letter, the NFIB Small Business Uncertainty Index rose by 14 points in January, reaching 100, marking the third-highest level in history. This significant increase is the largest monthly rise on record, surpassing the spikes seen during the 2020 pandemic and the highs in 2017. This heightened uncertainty could potentially influence market volatility and trading strategies, particularly in sectors reliant on small business performance.