President Trump's tariffs could be "the nail in the coffin for many of us," the owner of a Portland, Oregon, clothing store said.

In an exclusive interview with "Meet the Press," President Trump defended his tariffs, saying “many businesses are being helped” and that there was no need for the relief some small businesses are seeking.

President Donald Trump's tariffs have continued to impact small businesses, but the administration has insisted that the impacts felt across the nation will be temporary.