Episode 5: Tariffs & Duties — What They Really Mean for Your Product Business

In this episode of The Sourcing Gals, Erin Souder discusses the complexities of tariffs and duties, their impact on product-based businesses, and strategies for managing costs in a changing global trade environment. The conversation covers the definitions of tariffs and duties, the emotional and monetary implications for businesses, and practical approaches to navigate the challenges posed by increasing tariffs. Erin emphasizes the importance of understanding global supply chains and the need for businesses to adapt to the evolving landscape of international trade.