With more than 3,800 Utah companies exporting to over 200 markets worldwide, our state is uniquely positioned in the global economy. Though trade policy is shaped in Washington, D.C., its impacts are felt deeply here. Earlier this year, we wrote about the importance of global trade to Utah’s economy and how Utah companies can manage the ripple effect of tariff policies on local businesses.
To better understand how recent tariffs are affecting Utah companies, the Salt Lake Chamber and World Trade Center Utah — along with partners like the Economic Development Corporation of Utah (EDCUtah) and Governor’s Office of Economic Opportunity — gathered feedback from over 300 businesses statewide. Our top takeaway? Utah businesses aren’t standing still. They’re making strategic adjustments, innovating and finding ways to move forward amid global challenges.
The initial input we received seemed bleak. Many businesses reported negative impacts to their operations, with some already experiencing a decrease in revenue from recent tariff changes. That challenge is only compounded by uncertainty. A significant number of companies said they’re unsure how long the impact will last, while another large group expects disruptions for at least six more months. The impact of tariffs on Utah businesses is real and is felt across industries and regions in our state.
But beyond the immediate concerns, the feedback also highlights the grit of Utah businesses. They aren’t backing down. They’re making smart, strategic adjustments to weather the impact of evolving tariff policies. From restructuring operations and diversifying suppliers to renegotiating contracts and revising product offerings, many companies are leaning into innovation. They’re adopting new technologies, strengthening their supply chains and even reevaluating their business models.
This resilience in the face of real economic upheaval speaks to the heart of Utah’s business community. They’re adaptable, entrepreneurial and future-focused.
Companies don’t have to navigate these headwinds alone, especially the small and midsize businesses that make up a majority of Utah’s economy. Support from organizations like the Salt Lake Chamber and World Trade Center Utah becomes essential. We’re helping companies navigate complex and changing tariff regulations; identify new supply chain partners; find growth markets; and access the guidance, training and partnerships that enhance competitiveness.
What we learned from businesses statewide is that their greatest need right now isn’t just financial assistance — it’s timely, accurate information that provides clarity and connection. This moment doesn’t simply call for policy reform or stability; it calls for community coordination.
We’re proud that Utah already has a powerful ecosystem in place. The Salt Lake Chamber, World Trade Center Utah and our many partners across government and industries are committed to making sure businesses have what they need to not just respond to tariffs, but to grow in spite of them. Together, we’re helping companies access better data, stronger networks and more targeted programs to meet the companies where they are — including tools like World Trade Center Utah’s weekly Trade & Tariff Briefings and real-time tariff dashboard, which provide timely insights to support smarter decisions.
Through these efforts, World Trade Center Utah adds depth by helping businesses navigate global risks with strategies to reduce costs, expand to new markets and build long-term strategies. The Salt Lake Chamber remains committed to our mission of advocating for policies that will build businesses and connect communities throughout the state — and like Utah businesses, we are constantly innovating and finding better ways to be the support and leaders that Utah needs.
If one thing is clear, it’s that Utah businesses are not waiting for certainty — they’re fighting to create their own momentum. By leveraging existing tools for connection and strength from the broader business community, they’ll not only weather this storm but also lead in the next era of global commerce. Now is the time to double down on collaboration and invest in our businesses to ensure Utah remains one of the most resilient and globally connected economies in the country.