Navigation How Tariffs Are Shaping the Future of Small Businesses in a Shifting Global Economy | Bruce Kaminstein
- How Tariffs Are Shaping the Future of Small Businesses in a Shifting Global Economy | Bruce Kaminstein Gregg M. Goldfarb 23:35
In a time of economic uncertainty, shifting trade policies, and looming recession fears, tariffs are more than just headlines—they’re game changers for small businesses.
So, how are tariffs affecting the future of American business in a globalized economy?
In this episode of Cut to the Chase: Podcast, Gregg sits down with Bruce Kaminstein, Founder of Casabella and member of New York Angels, to unpack how tariffs are influencing global trade, small business strategy, and the future of U.S. manufacturing.
Did you know nearly 45% of the U.S. GDP comes from small businesses—many of which rely on global supply chains? Bruce shares why startups often favor innovation over domestic manufacturing, and how tariff fluctuations are forcing tough choices.
What you’ll learn in this episode:
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The real impact of tariffs on small business operations
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Why many startups avoid U.S.-based manufacturing
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Reciprocal tariffs: a level playing field or a new challenge?
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Is reshoring production to the U.S. really possible?
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What the future holds for global trade dynamics
Whether you’re an entrepreneur, investor, or simply curious about economic trends, this conversation delivers insights you won’t want to miss.
Key Takeaways:
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Impact on Costs: Tariffs significantly increase the prices of imported goods, causing a ripple effect that affects retail pricing and ultimately impacts sales and consumers. The challenge is in balancing these increased costs in a competitive market.
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Manufacturing Dilemma: The U.S. lacks sufficient factories to manufacture many consumer products domestically, especially low-ticket items. Forcing production back home might not only be unfeasible in the short-term but also strategically questionable for certain product categories, given environmental regulations and labor availability.
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Reciprocal Tariffs Complexity: While reciprocal tariffs aim to level the playing field, the erratic implementation can create uncertainty for businesses. A more stable, negotiated approach may offer a solution that supports innovation without stifling small businesses.
Stay tuned for more updates, and don’t miss our next deep dive on Cut to The Chase: Podcast with Gregg Goldfarb!
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Resources:
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Connect with Bruce on LinkedIn: https://www.linkedin.com/in/brucekaminstein
This episode was produced and brought to you by Reignite Media.
