Tariffs impact businesses very differently. In stark contrast to my nosediving public equity portfolio, here’s a somewhat positive real-life update from a small business owner (one of Minds Capital's portfolio companies):
The vast majority of our raw goods are fully manufactured in the US and we’ve worked with our suppliers to keep costs steady. At the moment, we expect costs not to rise by more than 3%. We believe tariffs present a potential opportunity because we are 1 of only 6 US manufacturers. The rest comes from Canada or China. It’s been difficult to compete on price before, but those prices are expected to rise significantly. We’ll be looking to take market share from overseas manufacturers.
