Trump Tariff Small Business Impact Alert
An impromptu update after tariffs escalated overnight, with Steve laying out the new 25 percent China rate, a June 1st deadline to watch, and why diversifying sourcing beats politics.
Steve Simonson
Show notes
Recorded on the fly after a sudden tariff escalation, Steve walks through what changed: a jump from 10 to 25 percent on a large group of Chinese imports, a retaliatory Chinese tariff set for June 1st, and a short shipping window before the new rates actually bite.
He's candid that he doesn't love the administration's approach or communication style, but separates that from the underlying trade issues, including intellectual property concerns he sees as long overdue to address.
His practical advice: don't try to game the system with shortcuts that are just illegal, and start seriously pricing out sourcing options beyond China so you're not stuck waiting on politics.