Trump's tariffs would eat up time and money at even the smallest business, Mark Cuban says

I think one major point the discussion of tariffs is missing is the time and cost to businesses, even the smallest single person company.

It's a lot of work. It's a lot of bureaucracy. It almost always required hiring a broker to deal with all of it, and of course there is the ongoing record keeping.

A typical business has to classify the product it's importing and figure out the correct tariff rate, calculate what it owes, file a customs entry, pay the required duty.

Business owners might also spend time rejigging their products and operations to pay lower rates, adjusting prices to offset the tariffs, assessing how the tariffs affect their company's competitiveness.

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