Marketplace
Counting the ways tariffs disrupt our economy
Apr 15, 2025
In this discussion, guest Lisa Goldenberg, President of Delaware Steel Company, shares her expertise on the ramifications of tariffs on the steel industry. She highlights how businesses are stockpiling inventory, drawing parallels to challenges faced during the pandemic. The conversation dives into trade tensions affecting oil prices and their implications for economic stability. Goldenberg also addresses the disconnect between economic indicators and daily realities, shedding light on how these factors shape community resilience in uncertain times.
25:29
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Quick takeaways
- Tariffs force businesses to adapt their inventory strategies, balancing the risk of excess stock against potential drops in demand post-imposition.
- The steel industry faces instability and unpredictability due to tariffs, complicating pricing strategies and threatening profitability amidst rising costs.
Deep dives
Impact of Tariffs on Supply Chains
Tariffs significantly disrupt supply chains, leading businesses to reevaluate their inventory strategies. For example, a clothing store owner in New York increased orders from a Chinese supplier to stock up before impending tariffs took effect. This decision stems from lessons learned during the pandemic about the importance of multiple suppliers to ensure product availability. However, excessive inventory can create financial burdens, as businesses risk having unsold stock if demand declines post-tariff imposition.
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