this post was submitted on 30 Nov 2024
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Economics

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Summary

Small businesses are preparing for potential tariffs on imports from Mexico, Canada, and China by stockpiling inventory, negotiating with suppliers, and considering price increases.

Some businesses are exploring alternative suppliers or reducing product offerings to mitigate the impact of tariffs.

While some businesses see an opportunity to promote domestic production, others are concerned about the potential for increased costs and reduced profits.

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[โ€“] Anticorp 2 points 2 weeks ago

Why would a small brewery be dependent on Mexico or China? The US grows tons of crops, probably more than anywhere else in the world.

[โ€“] [email protected] 2 points 2 weeks ago

reduced profits.

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