Marketplace The negative wealth effect
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Apr 1, 2025 
Gretchen Blau, Customs Broker Manager at Logistics Plus, shares her expertise on the economic ripple effects of tariffs on businesses. She discusses how a potential decline in asset values might trigger lower consumer spending. The conversation touches on the challenges upcoming vehicle tariffs could present to the auto industry and importers. Additionally, Blau explores how small businesses often reflect broader economic trends, underscoring the intricate links between consumer behavior and market volatility.
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Small Business Layoffs
- Layoffs increased in the smallest businesses (under 10 employees).
- These small businesses are more sensitive to economic changes and react faster.
Tariff Troubles
- Gretchen Blau, a customs broker, describes the challenges of navigating constantly changing tariff rules.
- Importers face difficulties with rising costs and a lack of clear information, making planning nearly impossible.
Disappearing Subcompacts
- The Mitsubishi Mirage, a subcompact car under $20,000, is being discontinued.
- Consumers favor larger, more profitable vehicles like SUVs, despite rising car prices.