Adam Van Asten’s Post

Most economists agree that #tariffs are bad for the #economy. They lead to economic inefficiencies while raising costs for businesses and making targeted goods more expensive for customers. It remains to be seen what new tariffs the Trump administration and Congress will actually implement. But the business community isn’t waiting. In their efforts to preserve profitability, we’re hearing about two ways businesses are acting or planning to act to address new tariffs: stockpiling inventory and raising prices. For more: https://lnkd.in/e3dNBC5K

With the new administration comes uncertainty around business operations, namely the likelihood of new tariffs. Explore the impact of tariffs and how operations can be better understood to transform it into a competitive advantage. https://buff.ly/41FytKF

Poll Time.📊 What's your biggest challenge with tariffs. A) Understanding regulations 📚 B) Mitigating costs 💸 C) Finding new markets 🌎 Drop your answer below.#TradeChallenges #Poll.

🚨 Small Business Alert 🚨
More tariffs may be on the way, bringing higher costs and supply chain challenges. Now’s the time to prepare and protect your business! 💡 #SmallBusinessTips #StayPrepared #Tariffs

Money with Murphy: Tariffs: Then, Now, & What’s Next In this episode of Money with Murphy, Kara Murphy dives into the evolving landscape of U.S. tariffs. From their historic use to Trump's 1.0 and proposed 2.0 plans, she explains their impact on industries, trade deficits, and inflation. Learn how these measures could shape consumer prices, business strategies, and even Federal Reserve decisions Click here to watch! https://lnkd.in/gW-J6iFd

https://econ.st/3ZACRsT "If Mr Trump were to slap tariffs on America’s northern and southern neighbours, the impact on American companies would be devastating. Businesses from Mattel, the maker of Barbie dolls, to Whirlpool, a home-appliance manufacturer, have factories in Mexico. Around three-fifths of America’s imported aluminium and a quarter of its imported steel come from Canada, with large volumes of steel also flowing from Mexico. According to Citigroup, a bank, Mr Trump’s tariffs would raise the price of steel for American manufacturers by 15-20%." So, it's either raise prices, rewire supply chains, or stockpile goods before the new tariffs start.

Is your business ready for potential tariffs? Uncertainty is always a factor when it comes to potential tariffs. To successfully navigate these challenges, use our Negotiator's Strategic Guide: 5 Steps to Prepare Your Business for Potential Tariffs. Each of these steps leverages the power of negotiation and persuasion to help your business stay resilient in the face of uncertainty. When the unexpected happens, those who prepare thrive. 🔗 Read the full blog post here: https://lnkd.in/eb_ZwXcT #GlobalTrade #TariffPrep #BusinessStrategies #Tarrifs

Scott Bessent on tariffs: "Tariffs can’t be inflationary because if the price of one thing goes up, unless you give people more money, then they have less money to spend on other things, so there is no net inflation.” Source: Geiger Capital

The Tariffs are coming, the Tariffs are coming!!! Are you or someone in your organization worried about higher costs in 2025 and how it will affect your bottom line? Then you need to watch this video to learn how to insulate your business from higher tariffs and to reduce your labor costs by 92%! The time to act is now! Like, Follow and Share.

Put your knowledge of tariffs to the test. We've put together 10 questions to check your knowledge about tariffs, and what might happen should new ones suddenly be enacted. Take the quiz here: https://bit.ly/4gbfrPR #tariffs #customs #customsbrokerage