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.

A group of small businesses reportedly sued Donald Trump over the new tariffs on Monday, alleging that the U.S. president used his powers unconditionally and that his decision could destroy local businesses.