April 28, 2025 - 00:55
In a recent discussion, industry experts Mike Cote and Matt Mowry addressed the significant challenges that New Hampshire businesses are facing due to increased tariffs on imported goods. The conversation, led by Fred Kocher, highlighted the ripple effects these tariffs have on local economies and industries.
Businesses across the state are grappling with rising costs as tariffs drive up prices on essential materials and products. This has led many companies to reassess their pricing strategies, potentially passing costs onto consumers. The panel noted that small businesses, in particular, are feeling the strain, as they often lack the resources to absorb these additional expenses.
Moreover, the experts discussed how these tariffs could lead to a shift in sourcing strategies. Companies may look to domestic suppliers to mitigate some of the financial burdens, which could foster local manufacturing but also poses its own set of challenges. Overall, the conversation underscored the need for businesses to adapt in a rapidly changing economic landscape influenced by international trade policies.
