New survey shows small business owners fear tariffs will lead to declining sales

Video Small business owners speak out about impact of tariffs

"GMA" examined how President Donald Trump's trade war and the high tariffs on Chinese imports are affecting small businesses across America.

New survey shows small business owners fear tariffs will lead to declining sales – Center Square

“When 40 percent of small businesses in Illinois say they're worried that tariffs will decrease their income, it's really a major figure to listen to,” said researcher Chuck Casto. The industries with the highest percentages of concerned small business owners were: Retail (57 percent), Restaurants (54 percent), Travel (54 percent), Construction (53 percent) and Manufacturing (52 percent).

New survey shows small business owners fear tariffs will lead to declining sales

(The Center Square) – A new survey shows that tariff-related anxiety is surging among small businesses in Illinois and elsewhere.

At Mad Mike’s Barber Shop in Chicago’s Little Village neighborhood, Ismael Acuña Jaimez puts the finishing touches on a customer’s hair while a television screen plays “Ford vs. Ferrari” dubbed into Spanish. Acuña Jaimez has run this barbershop with his parents for about 12 years in this predominantly Mexican and immigrant neighborhood. He said there were fewer customers in front of the barbershop during the first few months of the year, but tha…

Tariffs and Small Businesses: The Economic Tug-of-War You Can’t Ignore

While the current President implements his “on again off again” tariffs, small businesses will still have to deal with the highest tariffs on imported goods in the last 80 years. On The Small Business Radio Show this week. I talked with Dominick Miserandino, who  is the CEO of Retail Tech Media Nexus. He breaks down what the tariffs are, how they will affect consumers and what actions small businesses need to take. Understanding Tariffs What Are…

Brooklyn Park Event Business Owner Shares Perspective on Tariffs

A Brooklyn Park business owner said he's hopeful that tariffs will benefit American business in the long run.