A recent survey shows that most U.S. business owners are concerned about supply chain problems caused by tariffs introduced during President Donald Trump’s administration. The survey by insurance brokerage Gallagher highlights that many businesses face risks such as higher costs, disrupted sourcing, and difficulties in operations across various sectors in the United States.
The ongoing trade tensions linked to these tariffs have already cost companies more than $34 billion in lost sales and increased expenses, according to a Reuters analysis of corporate disclosures.
In a survey of 1,000 U.S. business owners, 69 percent said supply chain disruptions and severe weather are their top risks. Cyber attacks are also a major concern, with 72 percent very worried about potential attacks over the next year. Artificial intelligence is another growing issue, with nearly all respondents showing some level of concern about its impact on their businesses in the coming 12 months.
The survey also showed that 87 percent of insured business owners made an insurance claim in 2024. Most of these claims were for amounts over $25,000, but many were only partially covered by their policies. This points to the ongoing challenges businesses face despite having insurance protection.
The combination of tariffs, cyber threats, weather risks, and technology changes continues to pressure U.S. businesses. Many companies are working to diversify their suppliers and strengthen their risk management strategies to protect against future disruptions. The effects of the trade policies could remain a challenge for years to come.
