Trade tariffs are causing major headaches for small businesses across the U.S., with a new CNBC survey showing that 66% of entrepreneurs are already feeling the pinch—or expect to soon. 🌍💸 The findings paint a cloudy picture of the economy as trade battles escalate.
Out of 2,257 small business owners polled, a striking 70% predict a recession is looming, while just 30% call the current economy 'good' or 'excellent.' Many are also skeptical of former President Donald Trump's policies, with 51% disapproving of his leadership and fearing upcoming trade shifts will hurt their bottom lines. 📉
"The pressure is real," one bakery owner told CNBC. "Tariffs make ingredients pricier, but raising costs scares customers." 🧁 This sentiment echoes widely, with over half of businesses bracing for tougher times ahead.
With midterm elections nearing, the data highlights how global trade decisions ripple into Main Street struggles. 💡🗳️ Will policymakers take note? For now, small biz owners are holding their breath—and tightening budgets.
