How US Businesses Are Bracing for Trump's Tariffs A Look at the Impact on Small and Large Companies Alike This title accurately reflects the content of the blog post, which explores the effects of President Trump's tariffs on businesses of various sizes. The use of "Bracing" conveys a sense of preparation and anticipation, while the inclusion of "Small and Large Companies Alike" emphasizes that the impact is not limited to one specific type of business.

How US Businesses Are Bracing for Trump's Tariffs A Look at the Impact on Small and Large Companies Alike

President Donald Trump's recent imposition of tariffs on imports from Canada, Mexico, and China has sent shockwaves through the business community. As these tariffs take effect, US companies of all sizes are bracing themselves for the potential consequences.

In this blog post, we'll explore how different types of businesses are preparing for the tariffs and what it means for their customers and employees.

Small Businesses Adapting to Uncertainty

For small businesses like The Penny Ice Creamery in Santa Cruz, California, the tariffs will mean increased costs and potentially higher prices for consumers. Co-owner Zach Davis expressed concerns about the added burden of Trump's tariffs on his company's pricing strategy.

I feel bad about always having to raise prices, Davis said. We were looking forward to inflation coming down, the economy stabilizing in 2025... Now with the tariffs, we may be back at it again.

Small businesses that rely on imported goods, such as those in the Hispanic Construction Council, are also likely to feel the impact of the tariffs. CEO George Carrillo warned about the potential for inflation spiking in three to six months.

Large Companies Stockpiling and Adjusting

For larger companies, stockpiling inventory ahead of time is one way to avoid the immediate impact of the tariffs. Former US trade official George Carrillo explained that many companies are taking this approach to delay their customers' pain.

Once that inventory starts to get low, we're going to start feeling the effects, Carillo said. Developers and general contractors need to keep up with the pace, and they're going to start buying more products, and it's going to be at a higher price point.

However, not all large companies have the luxury of stockpiling inventory. For example, supermarkets whose farm products will spoil if not sold quickly may see the impact on their shelves within days.

You don't stockpile avocados, said an industry expert. You don't stockpile cut flowers. You don't stockpile bananas.

Farmers Navigating Uncertainty

American farmers are also likely to get caught in Trump's trade tussle with Canada, China, and Mexico. The president's supporters in rural America make a tempting target for retaliatory tariffs.

That is what happened in Trump's first term when other countries slapped back against the president's tariffs with levies of their own on things like soybeans and pork. In response, Trump spent billions in taxpayer money to compensate farmers for lost sales and lower prices.

Many farmers are now counting on the president to come through and protect them from reprisals.

The Trump administration provided a safety net, said Lee Wicker, deputy director of the North Carolina Growers Association. Many of our farmers trust him that he's going to take care of anybody who's hurt by the tariffs, and that's really all that we can ask for.

Conclusion

As US businesses grapple with the impact of Trump's tariffs, it's clear that the consequences will be far-reaching and affect companies of all sizes. While some may try to stockpile inventory or adjust their supply chains, others will need to adapt quickly to changing market conditions.

In the end, it's up to each business to decide how to navigate these uncertain times and find ways to thrive despite the challenges.

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.