Tariffs A 'Real Consideration': Elf on the Shelf Maker

The video discusses the potential impact of tariffs on manufacturing and trade, emphasizing the importance of free trade for small to medium-sized businesses. It highlights the effects on the supply chain and product pricing, with a focus on safety and compliance. The discussion includes the cost of production and retail pricing, stressing the need for compliance in the face of changing trade policies.

What is a key consideration for small to medium-sized businesses when it comes to tariffs?

• The color of their products

• The size of their workforce

• The impact on their supply chain

• The location of their headquarters

Why is free trade considered important by the speaker?

• It eliminates the need for tariffs

• It reduces the need for compliance

• It serves everyone

• It benefits only large corporations

How does the price of the product vary?

• It is the same across all retailers

• It changes every month

• It varies depending on the retailer

• It is determined by the government

What is the primary focus when discussing product safety?

• Compliance with regulations

• The color of the packaging

• The material used in production

• The speed of production

What is the company's main concern regarding potential tariffs?

• The compliance with trade regulations

• The number of employees

• The location of their factories

• The design of their products