Small businesses say uncertainty is worse than tariffs. Here's why.
Small businesses say uncertainty is worse than tariffs. Here's why.
Triple-digit U.S tariffs on China will “wipe out our business completely,” one small business owner says.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article appears mostly accurate, with the central claim that uncertainty surrounding tariffs is detrimental to small businesses supported by multiple sources. There's a slight bias towards highlighting the negative impacts of tariffs and uncertainty, potentially omitting positive aspects or alternative perspectives. The claim about "triple-digit U.S tariffs" is mentioned but not specifically verified in terms of percentage.
Detailed Analysis:
- Claim: Small businesses say uncertainty is worse than tariffs.
- Verification Source #3: Supports this claim, stating "Mississauga businesses say uncertainty around tariffs is even worse than an actual trade war with America."
- Verification Source #1: The title itself supports this claim.
- Verification Source #5: Supports the general idea of uncertainty impacting small businesses.
- Claim: Triple-digit U.S tariffs on China will "wipe out our business completely," one small business owner says.
- Verification Source #1: Directly quotes this statement. However, the specific percentage of "triple-digit" tariffs is not verified by other sources.
- Verification Source #2: Supports the idea that tariffs can impact a business's ability to survive.
- Claim: Tariffs impact small businesses' ability to remain viable.
- Verification Source #2: States that small businesses are worried the added costs will impact their ability to remain viable.
- Claim: The economy has gotten worse for small businesses.
- Verification Source #4: States that many small businesses say the economy has gotten worse.
Supporting Evidence/Contradictions:
- Verification Source #1 and #3 both support the central claim that uncertainty surrounding tariffs is a major concern for small businesses.
- Verification Source #2 supports the claim that tariffs can threaten the survival of small businesses.
- Verification Source #4 provides evidence that small businesses perceive the economy as worsening.
- The specific percentage of "triple-digit" tariffs mentioned in Verification Source #1 is not explicitly verified by other sources. This doesn't contradict the claim, but it lacks independent confirmation.