97. How Does Tariff Math Work?
Description
Erica explains the journey of an avocado from a farm in Michoacan, Mexico to a grocery store in the U.S., breaking down the costs involved and how a 25% tariff impacts the final price to consumers. She also talks through broader economic issues affecting solo consultants and small businesses.
00:00 Introduction to the Podcast
00:43 Understanding Tariffs with Avocados
03:26 Breaking Down Tariff Math
07:01 The Impact of Trade Agreements
08:57 Current Economic Trends for Consultants
10:53 Final Thoughts
11:23 Concierge Bookkeeping Service
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Resources Referenced:
White House Fact Sheet | https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/
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