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<description>&lt;p&gt;&lt;strong&gt;Summary&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;In this episode of the Ecommerce Finance Podcast, Stephen Brown and Kelley Birrell discuss the financial implications of tariffs on businesses, particularly in the ecommerce sector. They explore how tariffs affect cost structures, profitability, and pricing strategies, emphasizing the importance of understanding customs value and elasticity of demand.&lt;/p&gt;&lt;p&gt;The conversation also covers potential strategies for managing increased costs, including supply chain adjustments and efficiency improvements, while providing insights into the current economic landscape for ecommerce businesses.&lt;/p&gt;&lt;p&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Download the FREE Tariff Impact Calculator: &lt;/strong&gt;&lt;a target="_blank" rel="noopener noreferrer nofollow" href="https://ledgergurus.com/portfolio/tariff-impact-calculator/?utm_source=RSS&amp;amp;utm_medium=podcast&amp;amp;utm_campaign=e8"&gt;https://ledgergurus.com/portfolio/tariff-impact-calculator/?utm_source=RSS&amp;amp;utm_medium=podcast&amp;amp;utm_campaign=e8&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Takeaways&lt;/strong&gt;&lt;/p&gt;&lt;ul&gt;&lt;li&gt;Tariffs are impacting businesses in real-time, requiring immediate decisions.&lt;/li&gt;&lt;li&gt;Understanding customs value is crucial for calculating tariff impacts.&lt;/li&gt;&lt;li&gt;Higher cost of goods sold leads to greater profitability challenges.&lt;/li&gt;&lt;li&gt;Elasticity of demand plays a significant role in pricing decisions.&lt;/li&gt;&lt;li&gt;Businesses must consider whether to absorb costs or pass them on to consumers.&lt;/li&gt;&lt;li&gt;American manufacturers may benefit from increased tariffs on imports.&lt;/li&gt;&lt;li&gt;Supply chain adjustments can be complex and time-consuming.&lt;/li&gt;&lt;li&gt;Efficiency improvements are essential for maintaining profitability.&lt;/li&gt;&lt;li&gt;Businesses need to scrutinize their spending more than ever due to rising costs.&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Chapters&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;00:00 Understanding Tariffs and Their Impact on Business&lt;/p&gt;&lt;p&gt;09:48 Strategies for Managing Increased Costs&lt;/p&gt;&lt;p&gt;20:22 Analyzing Price Elasticity and Consumer Behavior&lt;/p&gt;&lt;p&gt;29:52 Exploring Alternatives and Future Considerations&lt;/p&gt;&lt;p&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Work with Us&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a target="_blank" rel="noopener noreferrer nofollow" href="https://ledgergurus.com/the-ecommerce-finance-podcast/real-impact-of-tariffs/?utm_source=RSS&amp;amp;utm_medium=podcast&amp;amp;utm_campaign=e8"&gt;https://ledgergurus.com/the-ecommerce-finance-podcast/real-impact-of-tariffs/?utm_source=RSS&amp;amp;utm_medium=podcast&amp;amp;utm_campaign=e8&lt;/a&gt;&lt;/p&gt;</description>

Ecommerce Finance Podcast

Stephen Brown | LedgerGurus

E8: How to Calculate the Impact of Tariffs on Your Profitability

FEB 19, 202536 MIN
Ecommerce Finance Podcast

E8: How to Calculate the Impact of Tariffs on Your Profitability

FEB 19, 202536 MIN

Description

<p><strong>Summary</strong></p><p>In this episode of the Ecommerce Finance Podcast, Stephen Brown and Kelley Birrell discuss the financial implications of tariffs on businesses, particularly in the ecommerce sector. They explore how tariffs affect cost structures, profitability, and pricing strategies, emphasizing the importance of understanding customs value and elasticity of demand.</p><p>The conversation also covers potential strategies for managing increased costs, including supply chain adjustments and efficiency improvements, while providing insights into the current economic landscape for ecommerce businesses.</p><p></p><p><strong>Download the FREE Tariff Impact Calculator: </strong><a target="_blank" rel="noopener noreferrer nofollow" href="https://ledgergurus.com/portfolio/tariff-impact-calculator/?utm_source=RSS&amp;utm_medium=podcast&amp;utm_campaign=e8">https://ledgergurus.com/portfolio/tariff-impact-calculator/?utm_source=RSS&amp;utm_medium=podcast&amp;utm_campaign=e8</a></p><p></p><p><strong>Takeaways</strong></p><ul><li>Tariffs are impacting businesses in real-time, requiring immediate decisions.</li><li>Understanding customs value is crucial for calculating tariff impacts.</li><li>Higher cost of goods sold leads to greater profitability challenges.</li><li>Elasticity of demand plays a significant role in pricing decisions.</li><li>Businesses must consider whether to absorb costs or pass them on to consumers.</li><li>American manufacturers may benefit from increased tariffs on imports.</li><li>Supply chain adjustments can be complex and time-consuming.</li><li>Efficiency improvements are essential for maintaining profitability.</li><li>Businesses need to scrutinize their spending more than ever due to rising costs.</li></ul><p></p><p><strong>Chapters</strong></p><p>00:00 Understanding Tariffs and Their Impact on Business</p><p>09:48 Strategies for Managing Increased Costs</p><p>20:22 Analyzing Price Elasticity and Consumer Behavior</p><p>29:52 Exploring Alternatives and Future Considerations</p><p></p><p><strong>Work with Us</strong></p><p><a target="_blank" rel="noopener noreferrer nofollow" href="https://ledgergurus.com/the-ecommerce-finance-podcast/real-impact-of-tariffs/?utm_source=RSS&amp;utm_medium=podcast&amp;utm_campaign=e8">https://ledgergurus.com/the-ecommerce-finance-podcast/real-impact-of-tariffs/?utm_source=RSS&amp;utm_medium=podcast&amp;utm_campaign=e8</a></p>