$25,000 per month: the cost of Trump tariffs on small business importers, revealed [Fortune]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Fortune
importers paying approximately $25,000 more per month in tariff costs since April 2025. The report, published Dec. 17 by the Center for American Progress (CAP), a left-wing think tank, details how a “chaotic approach” to trade and the elimination of key import exceptions have created a financial crisis for entrepreneurs during the critical holiday season. Recommended Video According to the analysis by Michael Negron and Mimla Wardak , the administration's “Liberation Day” tariff announcement triggered a sharp increase in duties collected from American businesses. From April through September 2025, CAP estimated, the roughly 236,000 small-business importers in the U.S. paid an average of more than $151,000 in additional tariffs compared to the same period in 2024. (CAP cited the centrist Chamber of Commerce's research on the small-business importer sector of the economy.) “The Trump administration's broad, costly, and frequently shifting policies threaten to undermine one of the
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GS
Earnings
- 10/14/25 - Beat
GS
Sec Filings
- 12/29/25 - Form 424B2
- 12/29/25 - Form 424B2
- 12/29/25 - Form 424B2
- GS's page on the SEC website