How Trump Policies Impact Business: Tariffs, Inflation + Deportation

Ep. 52 How will Trump policies impact small businesses? On Inauguration Day Kelly Metras and Kelly Bush dive into the evolving political and economic landscape as of January 20, 2025. With a dash of humor and a glass of tequila in hand, they analyze how new policies might influence small businesses across the United States. The duo weighs in on tariffs, deportation, and other proposed changes, drawing from their rich business experience to provide critical, albeit candid, evaluations.

A major point of discussion is the impact of tariffs on the cost of imported goods such as tequila, avocados, and limes—staples that significantly affect the hospitality industry. They also critique recent immigration policies, contemplating the economic repercussions of deportations on local economies. Additionally, the Kellys express their frustrations regarding taxation on tips, unemployment charges, and the overlooked contributions of micro-businesses under current fiscal policies. Their reflections highlight a shared skepticism but also encompass hope for vocational training and positive shifts in consumer spending in the coming year.

Key Takeaways:

• The potential impact of new tariffs on small businesses, especially in hospitality.
• Concerns over immigration policies affecting local economies and labor markets.
• Challenges posed by taxation changes on tips and unemployment-related financial responsibilities.
• The disconnect between government policy impacts on micro vs. large businesses.
• A hopeful outlook on increased vocational training to facilitate job growth in the U.S.

Notable Quotes:

1. "A new group of people that think they're gonna change the world."
2. "There is a reason things cost less in other places because it doesn't cost the same to make them in other places."
3. "Sometimes I feel like I'm being hazed for a sorority that I did not ask to join."
4. "2025 is going to be the year of deep breaths."

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Thank you to our Sponsors:

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Chapters:

0:00 Impact of Tariffs on Small Businesses

4:17 Economic Impact of Immigration on Local Businesses

7:29 Small Business Owners Discuss Taxes, Inflation

11:29 Trump 2.0 Policy Speculations

14:32 Vocational Training, Affirmations, and Micro Business Advocacy

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