“A 25% BLANKET TARIFF, AND THE LIKELY RECIPROCAL TARIFF IT WOULD TRIGGER, WOULD HAVE A DISPROPORTIONATELY NEGATIVE IMPACT ON MY BUSINESS AND LIVELIHOOD.”
The Trump administration is getting close to revisiting tariffs.
I am writing to express my concern about the potential impact of tariffs on my small business.
As a franchisee of a Canadian-based company, we purchase branded products from our franchisor.
While a 25% tariff initially seemed manageable, I’ve come to realize the broader implications. Our franchisor purchases many of its products and ingredients from the United States. With the possibility of a reciprocal 25% Canadian tariff, we could face a 50% price increase for many of our products. This would significantly impact my business and the other franchisees in Ohio, as well as the approximately 300 franchisees across the United States.
While our franchisor may seek alternative suppliers to mitigate costs, this could lead to long-term damage to existing business relationships with U.S. companies. Once those relationships and supply chains are disrupted, they can be difficult to reestablish.
A 25% blanket tariff, and the likely reciprocal tariff it would trigger, would have a disproportionately negative impact on my business and livelihood.
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