Small business owners are expressing growing concerns about the unpredictable nature of international trade policies. While tariffs themselves present a challenge, the uncertainty surrounding potential future tariffs and trade agreements is proving to be even more disruptive. Many businesses rely on imported goods or export their products, making them vulnerable to changes in trade regulations.
"It's not just the tariffs, it's the constant worry about what's coming next," explains one owner of a small manufacturing company. "We can adapt to tariffs, but we can't plan for something we don't know is coming." This sentiment is echoed by many others in the small business community.
The uncertainty forces businesses to delay investments, reduce hiring, and struggle to maintain stable pricing. Some worry they will not be able to compete with larger companies that have the resources to absorb these fluctuations. Experts suggest that clearer and more consistent trade policies would provide a more stable environment for small businesses to thrive, even if tariffs remain in place.
Small Businesses Fear Uncertainty More Than Tariffs
Many small business owners are finding that the constant uncertainty surrounding trade policy is more damaging than the tariffs themselves. Fluctuating trade relations and the potential for new tariffs make it difficult for them to plan for the future. Some business owners worry that these uncertainties could ultimately force them to close their doors. The lack of predictability is making it hard for them to manage costs and make investment decisions.
Source: Read the original article at CBS