Paula Dayal, CEO of Specialty Glass in Texas, shared the challenges her small business faces due to tariffs introduced under President Trump. The company, which fabricates and repairs scientific glassware for clients in the energy and chemical sectors, experienced a 50% drop in business shortly after the tariffs were announced.

Rosharon

Paula Dayal, CEO of Specialty Glass in Texas, shared the challenges her small business faces due to tariffs introduced under President Trump. The company, which fabricates and repairs scientific glassware for clients in the energy and chemical sectors, experienced a 50% drop in business shortly after the tariffs were announced. Customers paused orders out of uncertainty, even though prices had not yet increased.

Dayal explained that her company relies on raw materials imported from the Czech Republic and Germany, sourced through U.S. distributors. While neither her suppliers nor her business have raised prices yet, she anticipates potential increases once existing stock runs out. The unpredictability of the situation has been particularly disruptive for her small business, which operates on thin margins.

The impact of Trump’s tariffs on scientific supplies

Back now with our regular Small Business Leaders series where we talk to small business owners about the impact President Trump's tariffs are having on them. Specialty Glass near Houston manufactures scientific and lab glassware. Their CEO Paula Dial joins me now. Paula, how has your business been affected by tariffs? Hi, Jake. Thank you for having me on the show and I also want to thank you for giving small businesses a voice. Before we jump into the tariffs, I would like to acknowledge President Trump's visit to Kerr County today. Our hearts go out to the families that have been affected by the floods. Now back to the tariffs, we are a small custom shop out in Rochere in Texas. We custom fabricate and repair scientific glassware. Everything is handcrafted from high grade borosilicate glass. We work with various blue chip clients, primarily in the energy and chemical sectors as well as other verticals. You know, with respect to the tariffs, January through March were solid months for us. I think people were feeling hopeful and optimistic with the new administration in place. And then the tariffs were announced in April and our business dropped by 50% almost overnight. Not because of any price increases, but because our customers literally hit the pause button. And you know, for a small business like ours, that kind of unpredictability can be more disruptive than the policy itself. And now we're still recovering, but what's slightly encouraging is that we are starting to get inquiries from potential customers who are looking for U.S.-based suppliers. So we see this shift as a potential growth opportunity for us. I think right now people are just weighing their options, you know, to see what's available until there's a decision on the tariffs. Is there anything that you import or buy from somebody who imports it from a country affected by these tariffs? You know, we rely on our, since we're such a specialized small manufacturer, we rely on our raw materials to come from U.S. distributors who get it from the Czech Republic and Germany. It's really what we do with those materials is what creates value for our customers. You know, my suppliers have not raised prices yet, and neither have we. You know, when I knew when the tariffs were going to be announced, I actually ordered a lot of material to carry us through the end of the year. I actually let all our clients know that we wouldn't be affected by the tariffs, not any time soon. But I think that once my suppliers, you know, once their stock is completed, then, you know, we may start to see some price increases. And if that does happen, then we will have to absorb some of those costs. But, you know, we're a very small business. Our margins are between 5 and 10 percent, so we really don't have a competition there. Paula Dayal, thank you so much. Really appreciate your time today. We'll be right back.

The U.S. will manufacture more weapons to help Ukraine in its fight against Russia's invasion. President Trump said European nations will be footing the bill.

Washington

Ukraine Invasion

U.S. to send more weapons to Ukraine

Christian leaders have accused Israeli settlers of attacking sacred sites in the West Bank. The Greek Orthodox Patriarch of Jerusalem, Theophilos III - visiting the Christian town of Taybeh with other clerics - said settlers had started a fire near a cemetery and a 5th century church there last week.

Jerusalem

Clerics accuse West Bank settlers of attacking Christian sites

Australian Prime Minister Anthony Albanese is in Beijing ahead of talks with Chinese President Xi Jinping. He's there to broaden economic cooperation with China, which is Australia's top trade partner, while taking into account security concerns.

Beijing

Australia's Albanese pushes Aussie exports in China visit

In an Oval Office meeting, President Trump announced that the US will sell weapons to European nations, who will then send them to Ukraine. The president also threatened new trade consequences if no peace deal is reached with Ukraine within 50 days.

Global Tariffs

Trump gives Russia new deadline for Ukraine peace deal

Astronauts from India, Poland, Hungary and the U.S. are returning from the International Space Station following the historic Axiom Mission 4 trip. CBS News' consultant Bill Harwood joins with more details.

Cape Canaveral

Axiom Mission 4 crew returns from historic trip to I.S.S.

Hundreds of Palestinians on Sunday (July 13) mourned two men who were killed in overnight clashes by settlers in the West Bank. One of the deceased is 20-year-old Sayafollah Musallet, a U.S. citizen.

Mourners bury U.S. citizen killed in West Bank settler attack

Search efforts resumed for the more than 160 people still missing from the deadly July 4 floods in Central Texas after being halted Sunday morning due to renewed flood threats. CBS News' Karen Hua has the latest.

Kerrville

Heavy rains halt recovery efforts in central Texas

Following his recent criticism of Russian President Vladimir Putin, U.S. President Donald Trump said he plans to send Patriot missiles to Ukraine. Trump, for the first time since he took office in January, is also considering authorizing new funding for Ukraine.

Trump considers new funding for Ukraine

Two women were killed and two people were injured in a church shooting in Lexington, Kentucky, after the suspect initially shot a state trooper, police said. CBS News correspondent Nicole Valdes has the latest.

Lexington

Two women killed in Kentucky church shooting

The European Union said it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement, after U.S. President Donald Trump ratcheted up his trade war on the bloc.

Brussels

EU holds off on U.S. tariff countermeasures for now to pursue talks

One year ago, Thomas Crooks, a recent community college graduate, opened fire on then-candidate Donald Trump at a campaign rally in Butler, Pennsylvania. A year later, there's still no answers to why Crooks did it. Scott MacFarlane reports.

Butler

Motive still a mystery a year after Trump assassination attempt

Several European leaders and Mexican President Claudia Sheinbaum have expressed disappointment at the 30% tariffs US President Donald Trump has announced, but maintained openness to reach a negotiated solution.

Leaders of EU and Mexico slam Trump's 30% tariffs

A preliminary report depicted confusion in the cockpit shortly before an Air India jetliner crashed and killed 260 people last month, after the plane's engine fuel cutoff switches flipped almost simultaneously and starved the engines of fuel.

Ahmedabad

Air India crash report shows pilot confusion over fuel cutoff

Iran’s foreign minister says his country is ready to resume nuclear talks with the United States but will need assurances that there will be no more attacks against it. Abbas Araghchi made the comments on Saturday, during a meeting with foreign diplomats in Tehran.

Tehran

Middle East Conflict

Iran willing to resume nuclear talks with U.S. if given assurances

Australia will not commit troops in advance to any conflict, Defence Industry Minister Pat Conroy said on Sunday (July 13), responding to a report that the Pentagon has pressed its ally to clarify what role it would play if the U.S. and China went to war over Taiwan.

Council of the City of Sydney

Australia to 'support status quo' on Taiwan amid U.S. defense push

The Pentagon is urging Japan and Australia to clarify what role they would play if the U.S. and China went to war over Taiwan, the Financial Times is reporting. According to the newspaper, the reported request caught Japan and Australia 'off-guard'.

Taipei

Australia caught 'off guard' by U.S demands over Taiwan

A federal judge in California temporarily halted the Trump administration from making indiscriminate arrests based on race and denying detainees access to lawyers.

Los Angeles

Judge orders Trump to stop Californian immigration raids

President Trump issued new threats in his global trade war, aiming at two more of America's biggest trading partners. The E.U. and Mexico responded by calling the tariffs unfair and disruptive.

Trump announces tariffs on European Union, Mexico

The U.S. Embassy in Jerusalem asked the Israeli government for details following the death of an American citizen in the West Bank. It comes as Israel's defense minister created controversy this week when he announced plans to build a new so-called safe humanitarian city for Gazans.

Tel Aviv-Yafo

Palestinian-American dies in West Bank

Palestinians and human rights activists expressed alarm after Israel's defence minister said he plans to move all Palestinians in Gaza into a camp at the southern tip of the war-battered enclave, according to Israeli media.

Rafah

Israel's plan for 'humanitarian city' in Rafah sparks outrage

President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.

Mexico City

Trump intensifies trade war, threatens 30% tariffs on EU, Mexico

On June 12, the London-bound Boeing 787 crashed in Ahmedabad. All 230 passengers on board, except for one, were killed.

Engine fuel cut off before Air India plane crash, report reveals

A preliminary report depicted confusion in the cockpit shortly before an Air India jetliner crashed, killing 260 people last month, after the plane's engine fuel cutoff switches almost simultaneously flipped, starving the engines of fuel.

Air India crash report shows confusion over engine switch movement

An Israeli airstrike hit Palestinians near a medical center in Gaza on Thursday, killing 10 children and six adults, local health authorities said, as ceasefire talks dragged on with no immediate deal expected. This report contains graphic and disturbing images.

Israeli strike kills children near medical clinic in Gaza

Russian strikes against Ukraine persisted overnight and reportedly injured at least nine people and caused damage to a maternity hospital, according to officials. This comes as President Volodymyr Zelenskyy meets with European allies in Rome.

Kyiv

Russia launches more strikes, damages Ukraine maternity hospital

Israeli Prime Minister Benjamin Netanyahu is returning to Israel without a ceasefire deal with Hamas despite optimism from the Trump administration. CBS News' Elizabeth Palmer reports.

Netanyahu returns to Israel without Gaza ceasefire deal

Immigration and Customs Enforcement (ICE) raids in California turned violent after protesters clashed with agents from the Trump administration carrying out an operation at a Camarillo farm.

Camarillo

Protesters clash with ICE agents over immigration operation

CNN’s Isa Soares explains how a crippling 50% tariff on goods from Brazil may not be all about the economy.

Trump targets Brazil with 50% tariff

Volunteers in Texas are searching for flood victims and combing through debris along a 30 mile stretch of the Guadalupe River. CNN’s Ed Lavandera spoke with Texans who are coming together to bring closure to their community.

Center Point

Urgent search operations for flood victims stretch miles in Texas

U.S. President Donald Trump said the United States would impose a 35% tariff on imports from Canada next month and planned to impose blanket tariffs of 15% or 20% on most other trade partners.

Breakdown