Trump’s Tariff Wars Leave US Small Business With Nowhere to Hide (2)

American companies of all sizes are on edge over President Donald Trump’s tariffs, but it’s arguably small business that is most exposed.

Many smaller firms say they’re having to hike prices, freeze expansion plans or absorb a hit to already-thin profit margins as import bills climb. Such businesses employ half the US workforce, so how they cope with Trump’s ramped-up trade war will be crucial to the wider economic impact.

In Florida, Jay Foreman has already felt the bite. He’s chief executive of Basic Fun Inc!, which designs and markets toys like Care Bears and Tonka trucks — and ...