Supply Shock Incoming: Tariff Effects

President Trump's global tariffs have hit small & big business extremely hard. The chance of recession increases day by day as the tariffs wreak havoc on small & big businesses. Many are stating massive job cuts and price increases if tariffs continue. I paid tariff fees buying a product which is only made out of country. The economy isn't looking great currently, even if we get some deals, the damage has been done. The business environment is changing, price increases, lack of imported products and less purchases from consumers. Be prepared for the massive shift in the market. The businesses that adapt quickly are the ones that survive. Your best bets are to try and find different suppliers, prepare to change your prices and renegotiate contracts if possible. Give us a call at 516-804-8700 Note: I made a list of how companies have acted to counter tariffs below.

Information listed below:

The Facts: Apollo Management warns of massive layoffs for Trucking, Logistics and Retail. Walmart & Target warns of increased prices & empty shelves if tariffs stay active. Amazon & Adidas are considering adding tariff fees to products. UPS is laying off 20,000 workers.

Nissan, Mitsubishi, Mazda, VAG (Volkswagen, Audi, Porsche, Lamborghini), Jaguar & Land Rover have slowed or stopped imports entirely. Jeep, Chrysler, Dodge altogether have laid off 900 workers at their Michigan plants. Chevrolet, Cadillac, GMC has altogether furloughed 200 workers from their Detroit EV facility. Boeing's orders from China are on hold, damaging their revenue massively. Domestic air travel is estimated to have decreased by 2% or more. Coca-Cola stated a loss of $222 million since last quarter. Chinese owned eCommerce companies Temu & Shein raised prices on products for US customers drastically.