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Will these tariffs be a death blow for some small businesses?
Posted on 4/8/25 at 9:59 am
Posted on 4/8/25 at 9:59 am
Especially some small ones that are profitable. If they aren't seeking help from venture capital now they will have to depending on the sector........so the rich get richer?
16
Posted on 4/8/25 at 10:06 am to boogiewoogie1978
The restaurant industry may have a tough time with wines and other spirits that are being imported.
Does a $12 glass of wine now become $17-$20?
Does a $12 glass of wine now become $17-$20?
Posted on 4/8/25 at 10:07 am to boogiewoogie1978
Some will lose, some will win. Is there a problem with the Rich getting richer?
Posted on 4/8/25 at 10:08 am to boogiewoogie1978
The rich are always getting richer brother
Back in the day a group of poor farmers got tired of getting screwed by the rich folks and they got together and made this place called America
Unfortunately the rich folks invented Netflix so it can never happen again
Back in the day a group of poor farmers got tired of getting screwed by the rich folks and they got together and made this place called America
Unfortunately the rich folks invented Netflix so it can never happen again
Posted on 4/8/25 at 10:21 am to Paul Allen
Don’t buy wine from other countries. Problem solved.
Posted on 4/8/25 at 10:24 am to Veritas
quote:yeah, California wine industry finna eat. (did I say that correctly?)
Don’t buy wine from other countries. Problem solved.
Posted on 4/8/25 at 10:25 am to Chicken
You nailed it Chicken
Posted on 4/8/25 at 10:27 am to Paul Allen
quote:
The restaurant industry may have a tough time with wines and other spirits that are being imported.
I can pivot around imported wines. Avocados, eggs (for different reasons), and coffee are my biggest concerns.
Posted on 4/8/25 at 10:30 am to boogiewoogie1978
Posted on 4/8/25 at 10:37 am to Veritas
quote:
Don’t buy wine from other countries.
Posted on 4/8/25 at 10:39 am to boogiewoogie1978
There used to be an oft-quoted statistic " 2/3's of small businesses fail"
It's treacherous waters. Most will fail anyway of some cause or another. Some probably failed in the past at least in part because of NAFTA and some probably failed in the past at least in part because of China being allowed to join the WTO. Some have failed because of tax policy and regulatory changes. Many, many have failed because it is tougher to borrow money as a small business these days, and may of those have failed because a large customer didn't pay its bills, or they got sued, etc.
I think tariffs are a minor footnote compared to the myriad other challenges to a small business, but surely there are some that will fail due to tariffs because some sort of sweet spot will disappear and they can't adapt.
It's treacherous waters. Most will fail anyway of some cause or another. Some probably failed in the past at least in part because of NAFTA and some probably failed in the past at least in part because of China being allowed to join the WTO. Some have failed because of tax policy and regulatory changes. Many, many have failed because it is tougher to borrow money as a small business these days, and may of those have failed because a large customer didn't pay its bills, or they got sued, etc.
I think tariffs are a minor footnote compared to the myriad other challenges to a small business, but surely there are some that will fail due to tariffs because some sort of sweet spot will disappear and they can't adapt.
Posted on 4/8/25 at 10:40 am to boogiewoogie1978
I dont know of many small businesses that focus on importing goods/services. Most small businesses I can think of are almost completely local with regards to goods and services.
Posted on 4/8/25 at 10:42 am to notsince98
What points to this lasting 2-3 years or more? Some temporary price increases that affects everyone isn't going to put anyone into bankruptcy.
Posted on 4/8/25 at 10:49 am to baldona
quote:
Some temporary price increases that affects everyone isn't going to put anyone into bankruptcy.
Exactly. We all know that everything that increases in price is always going to come back down.
Posted on 4/8/25 at 10:52 am to Paul Allen
quote:no reason to not be toasting from CA American Viticultural Areas
The restaurant industry may have a tough time with wines and other spirits that are being imported. Does a $12 glass of wine now become $17-$20?
Paso Robles, Napa, Santa Barbara, etc. are pumping out top quality varieties
Posted on 4/8/25 at 10:53 am to SuperSaint
They are but a lot of people prefer old world wines.
Posted on 4/8/25 at 11:06 am to boogiewoogie1978
The tarrifs themselves? I cant see how. Our Tariffs don't impact local business directly.
If they are doing business in countries that get cute and retaliate to our evening out of the trade, then probably.
But that is an indirect impact at best.
If they are doing business in countries that get cute and retaliate to our evening out of the trade, then probably.
But that is an indirect impact at best.
Posted on 4/8/25 at 11:11 am to notsince98
quote:
I dont know of many small businesses that focus on importing goods/services. Most small businesses I can think of are almost completely local with regards to goods and services.
Yeah, let's just wishcast preposterous statements into being.
Posted on 4/8/25 at 11:12 am to boogiewoogie1978
Duly noted.
Posted on 4/8/25 at 11:17 am to CastleBravo
quote:
The tarrifs themselves? I cant see how. Our Tariffs don't impact local business directly.
What
Small/Boutique retail companies that import clothing/electronics are directly impacted.
Grocery stores that import foreign specialty products
Coffee shops that import beans.
That's just off the top of my head
That's not even including the people who sell imported crap nobody needs on Amazon. LIke it or not those are our small businesses still.
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