We Want to Know How Trump’s Tariffs Are Affecting You
Since returning to office, President Trump has reignited the use of tariffs as a tool to address national security, immigration, and perceived unfair trade practices. Markets have responded with volatility—stocks often dip whenever new tariffs or retaliations are announced, reflecting investors’ concerns over higher input costs, shifting supply chains, and potential disruptions to global trade flows. This uncertainty can dampen business confidence and stall investment decisions, ultimately affecting both producers and consumers.
Below are some potential impacts of the renewed tariffs:
- Higher Costs: Tariffs can increase the price of imported goods and raw materials, forcing companies to either absorb costs or pass them on to customers.
- Supply Chain Shifts: Businesses may relocate production or seek new suppliers to avoid higher duties, potentially altering logistics and timelines.
- Retaliatory Measures: Trading partners often respond with their own tariffs, further limiting export opportunities and raising overall trade barriers.
- Investment Delays: Unpredictable tariff policies can prompt businesses to postpone expansion plans or hesitate to enter new markets.
- Consumer Impact: Ultimately, higher costs and market instability can reduce consumer spending power and disrupt product availability.
Have you experienced any of these effects firsthand? We’d love to hear your story.
By sharing your insights, you help us build a clearer picture of the real-world challenges businesses and consumers face in a rapidly changing trade environment.
Please fill in the Business Confidence Survey today!