Small US companies, the source of more than half of the country’s job creation in recent years, are struggling to comply with President Donald Trump’s new tariffs and cope with growing financial strains clobbering them from higher import costs.

After months of threats and pauses, President Donald Trump’s new tariffs have gone into effect, impacting both American trading partners and domestic consumers. In this week’s Sunday Focus, NBC’s Christine Romans breaks down the administration's economic strategy and how it affects Americans.

India's labor-intensive textile, jewelry, and auto parts industries are likely to be among the hardest hit by Trump's 50% tariffs.