Feb 25 2025 20 mins 1
Today, our host, Bob explores how tariffs impact businesses, especially in the Canada-US trade relationship. A 25% tariff could mean higher costs, supply chain disruptions, and tough pricing decisions.
Bob explains what every business owner should know—who tariffs affect, how to negotiate with suppliers, and ways to adapt. Using insights from the RBC economic report, he also highlights the risk of a recession and its broader impact.
Don’t let tariffs catch you off guard. Tune in, stay informed, and share this episode with fellow entrepreneurs. Let’s navigate these changes together! 🎧🚀
Episode Highlights:
- 00:00 Welcome to The Wealthy Entrepreneur Podcast
- 00:27 Impact of Tariffs on Business and Economy
- 03:17 Understanding Tariffs and Their Implications
- 07:23 Top Five Elements of Tariffs
- 10:28 Strategies for Adapting to Tariffs
- 15:58 Economic Impact of Tariffs
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