In Spokane, local entrepreneurs are expressing growing unease about the potential consequences of current tariff policies and broader economic trends. With global trade tensions influencing supply chains and consumer prices, small business operators are assessing how these shifts might affect their operations and profitability. A financial advisor interviewed by NonStop Local KHQ highlighted the importance of strategic planning during periods of economic uncertainty. n nAccording to the expert, tariffs can lead to increased costs for imported goods, which may be passed on to consumers or absorbed by businesses, squeezing margins. These pressures are particularly challenging for companies reliant on international suppliers or those operating in competitive markets with thin profit buffers. n nThe advisor recommended that business owners closely monitor policy developments, consider diversifying sourcing options, and maintain flexible financial models to adapt to changing conditions. n nWhile some sectors may benefit from protective trade measures, others face headwinds from reduced export opportunities or retaliatory actions by trading partners. The overall sentiment among Spokane’s business community reflects caution, with many calling for clearer long-term economic guidance from policymakers. n
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Spokane business owners concerned about tariffs and economic trends, financial advisor weighs in NonStop Local KHQ