Small business owners worry that mounting economic uncertainty, driven largely by President Trump'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.

For some Canadians, President Donald Trump's tariffs may mean an erosion of trust with trade partners. Canadian national pride has sparked resistance and inspired action from small businesses. Canadian entrepreneurs are deciding which side of the border will absorb the costs of new tariffs.