CBS News - April 25, 2025
By Megan Cerullo
Small business owners are begging for relief from steep new U.S. tariffs on foreign goods, saying the higher import taxes imposed on dozens of key trading partners are threatening their livelihoods.
Isabel Guzman, former head of the SBA under President Biden and current chair of the Global Situation Room's Global Risk Advisory Council, told CBS News that small businesses face tariff challenges "without the cash reserves that typically larger business may have, without the supply chain diversity that larger businesses may have."
