Black entrepreneurs are being hit harder by new tariffs. According to a recent Black Enterprise post 52% are reporting drops in sales as of June 2025. That’s eight points higher than the national average. And up 19 points from May.
It’s likely going to get worse unless you make strategic moves now.
Here’s ten actions smart Black business owners are taking to stay ahead:
1. Renegotiate supplier contracts
Push for adjusted pricing or terms to shield against rising costs.
2. Build supply chain resilience
Invest in tech or work with trade consultants to reduce delays and fees.
3. Gradual price increases
Roll out adjustments in stages, explain openly to customers to maintain trust.
4. Diversify sourcing
Look for local or tariff-free suppliers to reduce import burdens.
5. Leverage AI tools
Use smart algorithms to optimize pricing strategies—keeping margins, keeping customers.
6. Expand supplier options
AI can also help you identify new raw material providers and open new markets.
7. Slash overhead and build reserves
Audit every cost tied to tariffs and maintain funds for sudden price shocks.
8. Explore tariff exemptions
Research whether your goods can qualify for exclusions or trade-group support.
9. Join industry trade groups
Tap into networks that offer tariff-free opportunities and insider info.
10. Lean into networking
Nearly half of Black owners (45%) say networking helps buffer tariff effects.
Pivot with purpose
Only 8% of Black business owners fear shutting their doors in 2025 compared to 20% nationwide. This speaks volumes about resilience. Strong networking, customer loyalty tactics, and smart cost cuts are key.
What You Can Do Now
- Audit your vendor contracts this week
- Ask local trade consultants about tariff-safe alternatives
- Invest in AI-driven tools focused on pricing and sourcing
- Activate your network—industry groups, Black business alliances, referral partners
Your Voice Matters
Are you navigating similar pressures? Want guidance on AI tools or trade networks? Drop a comment or question below. We’re here to help you thrive.
Read the full Black Enterprise article here
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