The business community's 2-part plan for addressing tariffs 📋

Companies won't sit idly by as new policies threaten their profits 💪

(Photo by Ruchindra Gunasekara on Unsplash)

Most economists agree that tariffs are bad for the economy. They lead to economic inefficiencies while raising costs for businesses and making targeted goods more expensive for customers.

It remains to be seen what new tariffs the Trump administration and Congress will actually implement.

But the business community isn’t waiting. In their efforts to preserve profitability, we’re hearing about two ways businesses are acting or planning to act to address new tariffs.