The extra costs on consumer goods as a result of tariffs may cause people to switch retailers:
“About 60% of shoppers say they’ll adjust where they shop if the Trump Administration’s proposed tariffs on Chinese imports go into effect, according to a survey from rewards app Shopkick. The company surveyed more than 30,000 of its app users.”
P.S. Tariffs could increase costs throughout the supply chain. 8th & Walton advisors help suppliers run a nimble business and keep costs down as much as possible — whether their production is state-side or international. Work with our advisors to stay ahead of changes that could impact your business. Our experts can help. Book a consultation today.