"President Trump has restored optimism and opportunity for our job creators with a pro-growth economic agenda that has already slashed inflation, driven job creation, and delivered record investment," Kelly Loeffler, Administrator of the Small Business Administration, said in a statement late last month.

Companies squeezed by Shein and Temu are welcoming the end of a shipping rule that bolstered the Chinese e-commerce giants. But broader tariff concerns are outweighing any optimism.