August 1st. I have to believe there are thousands of business owners in the same boat as me.

I import product from a country (not China or Asia) that is going to be hit with a 30% tariff. We are not talking about 30% on a $3 item. We are talking 30% on one item that would cost $5000. Our current pricing is at market pricing. Basically we are selling for the same amount US manufacturers are selling, maybe even more in some cases.

The 30% is a death sentence for this product in the US. It will price it right out of the market. So I get a small commission on every sale… But that will be gone. I was set to earn close to $200k on commissions in 2025. Gone. That is $200k I am not spending on business trips, home renovations, eating out, paying taxes (state and local included). I was about to hire someone to help with the business as well. It’s all on hold.

How does this make sense? I am just one business, I have to believe there are thousands of others in the same situation. If so, it really has to start affecting the economy really soon.

FYI – my business partner voted for Trump, FAFO, right? I don’t even talk to him about it, it pisses me off so much. I can tell he feels like an idiot for supporting Trump.