Small businesses will have no choice but to raise prices, cut staff, delay growth plans or shut down entirely just to keep up with the rising costs of imports they can’t source domestically, one expert said.

President Trump said that “we’re meeting with China” on tariffs, comments aimed at soothing jittery financial markets. But Chinese officials say no talks have taken place.

Consider President Donald Trump’s current approach to tariff negotiations. From China to the United Kingdom, Trump may appear impulsive, confrontational, and even erratic. One week, there’s a tariff threat.

The president was cryptic about the deals he says he's reached but said he would give more details in a few weeks.