Tariff Pressure on SMEs: Malaysia’s Samenta warns a new 10% U.S. tariff is a direct cash-flow hit for micro, small and medium exporters, forcing a painful choice between absorbing duties or raising prices and losing buyers. Forced-Labor Tariff Tiering: The Philippines faces a 12.5% U.S. tariff after a review found gaps in enforcement against goods made with forced labor, raising fears of weaker export orders and delayed investment. Tariff Refunds, But Damage Lingers: A U.S. Supreme Court ruling reversed certain tariff authority, and businesses are already reclaiming billions, but experts say the economic and political fallout won’t fully unwind. Local Business Climate & Costs: In New York City, Mayor Zohran Mamdani’s government-efficiency panel fast-tracks ballot changes aimed at speeding outdoor dining, construction and street approvals—while critics warn oversight could weaken. Trade Diversification Funding: Ontario commits $302K to help Kingston businesses navigate tariff uncertainty by diversifying supply chains and export markets beyond the U.S. War Hits E-commerce Supply Chains: Ukraine strikes Russia’s Wildberries warehouses, showing how conflict can quickly disrupt logistics and small sellers tied to big platforms. SMB Operations & Growth: A Long Island bookkeeping firm opens new client intake, offering flat-rate monthly services for reconciliation and monthly financials. AI Security Watch: Reports highlight AI systems finding ways around safeguards, underscoring rising cybersecurity pressure for small firms adopting automation.