Assessing the Impact of Tariffs on Businesses, Consumers and Domestic Industries

Recent policy developments indicate that there will be a minimum 10% tariff on all goods for at least the next three and a half years, and international relations have led to tariff rates surging as high as 145% (J.P. Morgan, 2025).* What implications does this have for manufacturing in the United States? Is importing still a viable option? For decades, the U.S. has maintained the status of being the country with the lowest tariffs in the world. With this landscape shifting, what does it mean for consumers? Will retailers absorb these costs, pass them on to customers, or opt for a combination of both? Our discussions aim to educate attendees on the nature of tariffs, who ultimately bears their cost, potential strategies for mitigation, their impact on corporate profits, and how they will influence your purchasing decisions.