Prepare for the Long-Term Impact of Tariffs
The U.S. has implemented new tariffs—including a 10% duty on most imports and a staggering 145% on Chinese goods—and small businesses are already feeling the pressure. Many report shrinking margins, rising inventory costs, and difficulty passing those costs on to customers.
Why It Matters:
If you rely on imported materials, products, or packaging, this isn’t a temporary bump—it’s a strategic pivot point. You need to evaluate your supply chain, renegotiate vendor terms, and consider domestic alternatives now.
It’s also the perfect time to:
- Streamline operations to absorb cost increases
- Leverage AI tools to increase productivity without hiring
- Adjust pricing models carefully to maintain profitability
Bottom Line: What worked in Q1 may not work in Q3. Start adapting now or risk being priced out by smarter competitors.
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