{"id":38388,"date":"2025-02-04T16:30:04","date_gmt":"2025-02-04T16:30:04","guid":{"rendered":"https:\/\/swoopfunding.com\/ca\/?post_type=blog&p=38388"},"modified":"2025-02-04T16:41:43","modified_gmt":"2025-02-04T16:41:43","slug":"tariffs-on-pause","status":"publish","type":"blog","link":"https:\/\/swoopfunding.com\/ca\/blog\/tariffs-on-pause-is-your-business-ready-for-the-possibility-of-price-hikes\/","title":{"rendered":"Tariffs on pause: is your business ready for the possibility of price hikes?"},"content":{"rendered":"\n

The threat of tariffs on imported goods means that many businesses will be impacted. Consumers will see prices rise, will businesses find their margins squeezed?<\/strong><\/h2>\n\n\n\n

The threat of tariffs on imported goods has created huge uncertainty for everyone \u2013 with small and medium-sized businesses (SMBs) across North America bearing the brunt of it. While blanket increases of up to 25 percent on goods and raw materials have been postponed (for now), businesses that rely on imports for part of their manufacturing or business operations will quickly feel the impact: strained cash flow and squeezed profit margins will force difficult decisions for business owners. Costs will go up which will provoke changing behaviour from customers, leading to SMB owners concerned about how to manage their funding requirements in this new economic landscape.<\/p>\n\n\n\n

In the short term, the uncertainty is almost as disruptive as the tariffs themselves. But the delay does mean SMB owners can take measures to cushion the blow when (if<\/em>) it lands.<\/p>\n\n\n\n

Understanding the impact<\/strong><\/h3>\n\n\n\n

Tariffs, essentially taxes on imported goods, directly increase the cost of doing business for many SMBs. If your business relies on imported raw materials, components, or finished goods, you’re likely facing higher expenses. This can lead to:<\/p>\n\n\n\n