Tariffs Are Shaking Up U.S. Industries - Here's Who's Most at Risk

National Business Capital's Report on the Top 5 Industries Most (And Least) Likely to be Affected by Tariffs Reveals Mining, Agriculture, and Food Prices Could Take the Biggest Hit

HAUPPAUGE, N.Y., March 25, 2025 /PRNewswire/ -- Tariffs are hitting key U.S. trading partners, driving up costs for industries that rely on imports. A new report from NationalBusinessCapital.com – a non-bank lending platform for business owners – finds mining, agriculture, and food production face the biggest risks, while service industries like education and the arts remain largely unaffected.

President Trump's expanded tariffs on Canada, Mexico, and other key trading partners are forcing businesses to adapt. Companies that depend on foreign raw materials, such as metals, minerals, and agricultural products, are seeing higher prices and tighter supply chains. Even industries without direct trade ties, like healthcare, are dealing with rising costs for pharmaceuticals and medical equipment.

The full study is available HERE:

Key Findings

• Mining Takes a Direct Hit: The U.S. still imports essential materials like primary metals, wood, and rare earth elements, leaving industries like construction and manufacturing exposed to supply chain disruptions.
• Food Prices Climb: Tariffs on Mexican produce and Canadian meat drive up costs and create seasonal price swings.
• Service Industries Stay Insulated—For Now: Education and finance don't rely heavily on imports, but rising business costs and economic slowdowns could still affect them.

"Tariffs are putting real pressure on American businesses," said Joe Camberato, CEO, National Business Capital. "Companies need to act fast - find new suppliers, explore domestic options, and prepare for higher costs."

THE MOST VULNERABLE INDUSTRIES TO TARIFFS

1. Mining - Score (out of 100): 82.3 (1st)

2. Agriculture, Forestry, Fishing & Hunting - Score (out of 100): 79.3 (2nd)

3. Manufacturing - Score (out of 100): 70.6 (3rd)

4. Transportation & Warehousing - Score (out of 100): 68.4 (4th)

5. Wholesale Trade - Score (out of 100): 63.9 (5th)

THE LEAST VULNERABLE INDUSTRIES TO TARIFFS

13. Management of Companies and Enterprises (49.2 out of 100)

14. Administrative and Waste Management Services (48.6)

15. Educational Services (45.9)

16. Arts, Entertainment, and Recreation (43.5)

17. Retail Trade (42.1)

METRICS

• Percentage of imported Commodity Usage and Secondary Vulnerabilities (60%)
• Exports as % of Total Output (25%)
• Trading Partners 1 and 2 (15%)

About National Business Capital:

National Business Capital a pioneer of non-bank financing, provides non-asset-backed financing solutions ranging from $250K to $10MM. Since 2007, the company has financed billions of dollars while innovating how business leaders access growth capital. The team's approach to each transaction allows clients to maximize financing options.

For more information on this list and this topic, please contact Sarah Johnson, [email protected] 

CONTACT
Sarah Johnson
[email protected] 

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SOURCE National Business Capital