{"id":40755,"date":"2025-02-04T16:30:04","date_gmt":"2025-02-04T16:30:04","guid":{"rendered":"https:\/\/swoopfunding.com\/us\/blog\/tariffs-on-pause\/"},"modified":"2025-04-29T10:23:58","modified_gmt":"2025-04-29T10:23:58","slug":"tariffs-on-pause","status":"publish","type":"blog","link":"https:\/\/swoopfunding.com\/us\/blog\/tariffs-on-pause-is-your-business-ready-for-the-possibility-of-price-hikes\/","title":{"rendered":"The off\/on tariffs: is your business ready for a tumultuous year?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading question\"><b>Tariffs on imported goods are impacting many businesses. As consumers see prices rise and businesses find their margins squeezed, what can you do to stay afloat?<\/b><\/h2>\n\n\n\n<div class=\"wp-block-group answer\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><span style=\"font-weight: 400;\">The tariffs on imported goods have created huge uncertainty for everyone \u2013 with small and medium-sized businesses (SMBs) across North America bearing the brunt of it. While swingeing increases on goods and raw materials have been on, off and postponed (apparently on a whim), businesses that rely on imports for part of their manufacturing or business operations are seeing the impact: strained cash flow and squeezed profit margins will force difficult decisions for business owners. Rising costs will provoke changing behaviour from customers, leading to SMB owners concerned about how to manage their funding requirements in this new economic landscape.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In the short term, the uncertainty is almost as disruptive as the tariffs themselves. What measures can SMB owners take to cushion the long-term blow or the tariff policy?<\/span><\/p>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading question\"><strong>Understanding the impact<\/strong><\/h3>\n\n\n\n<div class=\"wp-block-group answer\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><span style=\"font-weight: 400;\">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 will face higher expenses. This can lead to:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Increased production costs<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Price increases as these costs are passed onto consumers<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Reduced competitiveness, especially if other businesses in your market have stockpiled products or sourced from countries not affected by tariffs<\/span><\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading question\"><strong>Managing Funding Requirements<\/strong><\/h3>\n\n\n\n<div class=\"wp-block-group answer\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><span style=\"font-weight: 400;\">Clearly, this places affected business owners in a difficult position and there are no easy answers for how to navigate the challenges. One thing is certain: careful financial management will be essential for businesses to stay above water. Here are some strategies SMBs can consider:<\/span><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\"><strong>Cash Flow Forecasting:<\/strong> analyze your current cash flow so that you understand your existing cash inflows and outflows. From this, you will be able to project future cash flow and consider the impact of increased costs on your revenue and expenses. You will then be able to identify potential cash flow gaps to determine if you\u2019ll need additional funding to cover increased costs.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\"><strong>Explore Funding Options:<\/strong> There are a number of options for you to consider if there is a funding shortfall. These include:<\/span>\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Short-term loans to cover immediate cash flow needs.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Government programs may offer financial assistance or tax incentives to businesses impacted by tariffs.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">If applicable, explore seeking investment from angel investors or venture capitalists.<\/span><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><span style=\"font-weight: 400;\"><strong>Cost Optimization:<\/strong> it may be possible to mitigate your losses and find room for maneuver in other parts of your business. For example:<\/span><span style=\"font-weight: 400;\"><br><\/span>\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Negotiate with suppliers to secure better prices with existing suppliers or seek alternative suppliers in countries not affected by tariffs.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Identify areas where you can streamline operations and reduce costs, such as optimizing inventory management or implementing energy-saving measures.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Consider sourcing materials domestically or from countries with more favorable trade agreements.<\/span><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><span style=\"font-weight: 400;\"><strong>Strategic Planning:<\/strong> consider other options to make your business more robust in the face of spiking costs:<\/span>\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Develop a contingency plan so that you can be prepared for potential disruptions to your supply chain and adjust your business strategy accordingly.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Diversify your product offerings to include items less affected by tariffs.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Focus on customer relationships so that your customers understand why prices are changing and get on the front foot when it comes to communications.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading question\"><strong>Conclusion<\/strong><\/h3>\n\n\n\n<div class=\"wp-block-group answer\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><span style=\"font-weight: 400;\">The impact of tariffs on SMBs can be significant and potentially highly damaging. By carefully assessing your financial situation, exploring funding options and implementing cost-saving measures, you can navigate these challenges and ensure the long-term success of your business. At Swoop, we believe that the best time to secure funding is when you don\u2019t need it, so that you have a plan in place for when the need arises. Smart business owners will be looking at what they can do NOW to ensure they have funds in the bank and access to further funding should it become necessary in the near future.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Ready to be proactive in preparing your business for uncertain times? <\/span><a href=\"https:\/\/us.swoopfunding.ca\/stage?http_referer=https%3A%2F%2Fswoopfunding.com%2Fus%2Fhomepage-b%2F&amp;last_page_visited=https%3A%2F%2Fswoopfunding.com%2Fus%2Fblog%2Ftariffs-on-pause-is-your-business-ready-for-the-possibility-of-price-hikes%2F&amp;cmplz_functional=allow\"><span style=\"font-weight: 400;\">Get started with Swoop today.<\/span><\/a><span style=\"font-weight: 400;\">&nbsp;<\/span><\/p>\n\n\n\n<p><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tariffs on imported goods are impacting many businesses. As consumers see prices rise and businesses find their margins squeezed, what can you do to stay afloat? The tariffs on imported goods have created huge uncertainty for everyone \u2013 with small and medium-sized businesses (SMBs) across North America bearing the brunt of it. While swingeing increases [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":40756,"comment_status":"closed","ping_status":"closed","template":"","category":[344,340,304],"class_list":["post-40755","blog","type-blog","status-publish","has-post-thumbnail","hentry","category-sme-support","category-swoop-guides","category-news"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2025\/02\/Blog-banners-1600-x-900-BCC.jpg",1600,900,false],"thumbnail":["https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2025\/02\/Blog-banners-1600-x-900-BCC-150x150.jpg",150,150,true],"medium":["https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2025\/02\/Blog-banners-1600-x-900-BCC-300x169.jpg",300,169,true],"medium_large":["https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2025\/02\/Blog-banners-1600-x-900-BCC-768x432.jpg",768,432,true],"large":["https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2025\/02\/Blog-banners-1600-x-900-BCC-1024x576.jpg",1024,576,true],"1536x1536":["https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2025\/02\/Blog-banners-1600-x-900-BCC-1536x864.jpg",1536,864,true],"2048x2048":["https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2025\/02\/Blog-banners-1600-x-900-BCC.jpg",1600,900,false],"image_blog":["https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2025\/02\/Blog-banners-1600-x-900-BCC-408x252.jpg",408,252,true],"image_blog_full":["https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2025\/02\/Blog-banners-1600-x-900-BCC-1600x660.jpg",1600,660,true],"image_podcast":["https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2025\/02\/Blog-banners-1600-x-900-BCC-397x298.jpg",397,298,true],"image_banking":["https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2025\/02\/Blog-banners-1600-x-900-BCC-36x20.jpg",36,20,true],"image_blog_internal":["https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2025\/02\/Blog-banners-1600-x-900-BCC-840x480.jpg",840,480,true],"image_blog_medium":["https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2025\/02\/Blog-banners-1600-x-900-BCC-1024x500.jpg",1024,500,true],"image_single_banking":["https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2025\/02\/Blog-banners-1600-x-900-BCC-80x45.jpg",80,45,true]},"post_excerpt_stackable_v2":"<p>Tariffs on imported goods are impacting many businesses. As consumers see prices rise and businesses find their margins squeezed, what can you do to stay afloat? The tariffs on imported goods have created huge uncertainty for everyone \u2013 with small and medium-sized businesses (SMBs) across North America bearing the brunt of it. While swingeing increases on goods and raw materials have been on, off and postponed (apparently on a whim), businesses that rely on imports for part of their manufacturing or business operations are seeing the impact: strained cash flow and squeezed profit margins will force difficult decisions for business&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/swoopfunding.com\/us\/category\/sme-support\/\" rel=\"category tag\">SME support<\/a>, <a href=\"https:\/\/swoopfunding.com\/us\/category\/swoop-guides\/\" rel=\"category tag\">Swoop guides<\/a>, <a href=\"https:\/\/swoopfunding.com\/us\/category\/news\/\" rel=\"category tag\">News<\/a>","author_info_v2":{"name":"Ian Hawkins","url":"https:\/\/swoopfunding.com\/us\/author\/ian-hawkins\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/blog\/40755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/types\/blog"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/comments?post=40755"}],"version-history":[{"count":7,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/blog\/40755\/revisions"}],"predecessor-version":[{"id":41505,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/blog\/40755\/revisions\/41505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/media\/40756"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/media?parent=40755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/category?post=40755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}