Small Businesses Have A Short Window to Petition For Tariff Exemptions. Here's What You Need to Know

June 18, 2026 - 17:58

New import taxes on goods from 60 countries are scheduled to take effect this July, and small business owners have a limited window to request exemptions. The tariffs, which target a wide range of products from electronics to textiles, could raise costs for companies that rely on imported materials or finished goods. The government has opened a petition process, but the timeline is short and the requirements are strict.

To qualify for an exemption, businesses must demonstrate that the imported goods are not available from domestic suppliers in sufficient quantity or quality. They must also show that the tariff would cause significant economic harm. Applications must include detailed documentation, such as contracts, invoices, and evidence of efforts to find U.S.-based alternatives. The review process can take weeks, so early filing is critical.

Experts advise small business owners to act immediately. Gather all relevant paperwork and consult with a trade attorney or customs broker if possible. The petition window closes 30 days before the tariffs take effect, meaning submissions must be complete by early June. Missing the deadline could mean paying the full tariff rate, which in some cases exceeds 25 percent of the product's value.

The government has not announced any extensions, and past exemption rounds have been competitive. For small businesses with thin margins, the difference between an approved exemption and a denied one could determine whether they stay afloat. Owners should also monitor updates from trade agencies, as product categories and country lists may change. The bottom line: start now, or risk paying more this summer.