American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next.

As toy inventors, toy manufacturers and buyers for stores that sell toys met for an annual trade show in New York last weekend, a topic besides which items were destined for holiday wish lists permeated the displays.

When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on U.S. trading partners created chaos, generated drama -- and drew criticism from mainstream economists who favor free trade.

Small businesses are seeing the already-tough process of getting business loans get even tougher.