You don't need me to tell you that both the threats and uncertainty brought on by the ongoing US tariffs drama have been wreaking havoc on businesses small and large. I mean, it's just logic. If you don't know what's going on and you can't predict what will happen next, it's impossible to make plans.
That's as true for a mom n' pop shop as it is for a multinational corporation. The biggest difference there is, the multinational corporation likely has more people on staff, who can be in more places and have more contacts to get them intel in a timely fashion. And maybe even grease the right palms, in some situations.
On Wednesday, May 28, 2025, the U.S. Court of International Trade (a real thing, I assure you) declared most of President Trump's international and reciprocal tariffs to be illegal. Not all of them, to be clear. But the ones imposed under the International Emergency Economic Powers Act (IEEPA), which is what the majority of pain and headache have been about, have now been declared illegal by this very specialized federal court.
