Thank you for the question, sir.
Unfortunately, it stands to reason that some SMEs will be forced to close down, because 25% ad valorem tariffs completely take away their gross profit margins. It's simply impossible for them to survive in that environment.
Those who don't end up going out of business will seriously consider delocalizing part of their production to the U.S. Some are already doing business in the U.S., so if push comes to shove delocalization can happen more quickly than we realize.
Delocalizations, closures and bankruptcies; that's what we can expect if the situation around section 232 tariffs doesn't improve. That much is obvious.