04/18/2025

Small Business Owners Say Economic Uncertainty is Worse than Tariffs

Here's why

Small business owners worry that mounting economic uncertainty, driven largely by the Trump administration's shifting tariff policies, could shut their doors for good.

Beth Benike, cofounder of Busy Baby, told CBS' "MoneyWatch" that a lack of clarity on the direction of U.S. tariffs poses serious problems for the Oronoco, Minnesota-based retailer.

"I am a problem solver. When a decision or policy comes out, I'll find a solution. I will work with it or around it," said Benike, whose company makes nonslip placemats and other products for babies. "The next day, the policy changes and that plan doesn't make sense anymore, so I come up with something else."

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