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Dilawar Syed
Former deputy administrator of the U.S. Small Business Administration (2023–2025) and current professor of instruction at the University of Texas at Austin, provides analysis on how tariffs affect small businesses and policy responses.
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Oct 7, 2025
• 32min
How Trump's tariffs are squeezing small businesses
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Katrina Golden, CEO of Lil Mama's Sweets and Treats, shares her experience running a bakery affected by rising supply costs due to tariffs. She highlights how the increased prices for ingredients and supplies are squeezing margins, potentially forcing her to raise prices or close by 2026. Dilawar Syed, former deputy administrator of the U.S. Small Business Administration, discusses how 97% of importers are small businesses, emphasizing that tariffs disproportionately impact them. Both guests call for more predictable trade policies to ensure small businesses can thrive.
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