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re: Will these tariffs be a death blow for some small businesses?
Posted on 4/8/25 at 11:34 am to CastleBravo
Posted on 4/8/25 at 11:34 am to CastleBravo
Where they will struggle is their cost of goods could drastically increase if they are importing products, directly or indirectly (their suppliers import). If they are not working with vendors on credit, they would then be forced to front the normal amount plus the new markups due to tariffs.
Obviously, they could increase prices, but if they are in an industry with already small margins, all it takes is for some of their competitors to slow their increases or hold tight in hopes of gaining market share at the expense of gross profit margins, and now those small businesses are gasping for air.
The biggest at risk will be those that were already holding on by a thread.
Obviously, they could increase prices, but if they are in an industry with already small margins, all it takes is for some of their competitors to slow their increases or hold tight in hopes of gaining market share at the expense of gross profit margins, and now those small businesses are gasping for air.
The biggest at risk will be those that were already holding on by a thread.
1
Posted on 4/8/25 at 11:39 am to Paul Allen
Maybe I didn’t understand you’re a Wino snob
Wino snobs can pay more and deal with it
Or maybe just maybe they can buy wine from this country
Wino snobs can pay more and deal with it
Or maybe just maybe they can buy wine from this country
Posted on 4/8/25 at 11:43 am to Veritas
quote:
Don’t buy wine from other countries. Problem solved.
Good reds are aged in French oak.
Posted on 4/8/25 at 11:44 am to MeatBaby
That’s just pretentious bullshite
Posted on 4/8/25 at 11:46 am to Veritas
Most Sauvignon blanc is run through stainless steel. About a quarter of steel is imported.
"Just buy American" doesn't solve the problem. We live in a global economy.
"Just buy American" doesn't solve the problem. We live in a global economy.
Posted on 4/8/25 at 11:49 am to MeatBaby
Nah that’s bullshite
Posted on 4/8/25 at 11:58 am to boogiewoogie1978
quote:
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?
Small businesses selling trinkets from China...probably
Posted on 4/8/25 at 11:59 am to boogiewoogie1978
We own a small clothing retail store. Most of our goods come from overseas: South America mostly, but some Asian sources. I'll be curious to see how all this plays out. Our intent will be to pass those costs along as we always do. We have VERY few domestic sources and the ones we do are handmade and expensive. If someone wanted to make a decent living, open a small clothing manufacturing place here and employ women who can still sew. The one place we get our custom made stuff from is in a rural, small Alabama town. She's the only one in the country that does what she does. She can name her price and lead times. Older lady. Not sure what we will do when she decides to retire.......
Posted on 4/8/25 at 12:01 pm to Aubie Spr96
quote:
If someone wanted to make a decent living, open a small clothing manufacturing place here and employ women who can still sew.
I have seriously thought about this
Posted on 4/8/25 at 12:04 pm to boogiewoogie1978
It’s the end of the world. The sun will die and become a red giant and consume the earth. There is no escape the hell the tariffs will reap.
Posted on 4/8/25 at 12:12 pm to Veritas
quote:
EU to give up everything and get nothing in return.
Or just pay 20% more and not drink trash.
Posted on 4/8/25 at 12:18 pm to Veritas
quote:
Don’t buy wine from other countries. Problem solved
Wine industry employee/executive here. 10+ years with products sold in 17 countries across 3 continents. Strategically exited last year.
Cold hard truth. Alcohol consumption has plummeted in the US. Wine consumption (in terms of gallons) is at a historic low. We’re talking about numbers not seen since the 60’s-70’s…
Frame that with the backdrop of how much the human population has grown in the past 5 decades. Major producers are offloading their wine portfolios right now (see Constellation Brands).
Lots of moving pieces. Younger people drink less. THC has entered the equation. Post Covid people are trying to get healthier.
While I appreciate the buy American sentiment and believe it will help to some degree; the tariffs are going to hit the already reeling wine industry hard.
Natural cork comes from basically two places. Portugal and Spain. A tariff on the EU will hit even domestic wine producers hard. Cooperage (the barrels wine is aged in) is largely from France. Again; an EU tariff hits them. Bottles are also a problem; the US doesn’t make much of any. Most come from the EU or China. Again; tariffs will hurt.
It’s not limited to wine. I work with Breweries too. A considerable amount of malted barley used to make beer is from the EU or Canada. The hops likely also come from the EU or New Zealand; but, there is some production in the PNW too. Aluminum tariffs will impact the cost of cans as even the American based can producers like Ball use imported aluminum.
If these tariffs stick; the American consumer should expect significant price increases or businesses closing. Even the American made alcohol products can’t escape the fact they are inextricably linked to foreign trade and tariffs.
This post was edited on 4/8/25 at 12:20 pm
Posted on 4/8/25 at 12:21 pm to wiltznucs
Thanks for typing a lot of words I scrolled right past
Posted on 4/8/25 at 12:23 pm to wiltznucs
Thanks for the information. I'm sure Verritas will stop by with another very well thought out response. 
Posted on 4/8/25 at 12:32 pm to Big Scrub TX
quote:
Yeah, let's just wishcast preposterous statements into being.
I would love to see some examples if you have any. In my town in the rural midwest, I can't think of any.
Posted on 4/8/25 at 12:32 pm to wiltznucs
quote:This can't possibly be true. Just because there's been a slight downtrend does not mean it is at "historic lows".
lcohol consumption has plummeted in the US. Wine consumption (in terms of gallons) is at a historic low. We’re talking about numbers not seen since the 60’s-70’s…
Posted on 4/8/25 at 12:34 pm to Chicken
Cali wines now have pricing power and they will raise their prices to be just under Euro wines.
That is, tariffs will make domestic wines more expensive, too, because they know you have no cheaper alternative.
That is, tariffs will make domestic wines more expensive, too, because they know you have no cheaper alternative.
Posted on 4/8/25 at 12:36 pm to TxTiger82
And California wines are already very expensive. At lesat the better ones are.
Posted on 4/8/25 at 12:38 pm to TxTiger82
I enjoy wine but I am not a big wine drinker...increasing wine costs will have no effect on me.
And if it makes people drink less alcohol in general, that is a good thing in my opinion.
And if it makes people drink less alcohol in general, that is a good thing in my opinion.
Posted on 4/8/25 at 12:40 pm to Chicken
Ok now do a product you like.
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