With nearly 20% of America's food imported, tariffs up to 145% on Chinese goods are driving up costs for essential ingredients. Consumer pushback is rising as restaurant prices increase, with over half of Americans spending less on dining out. Large chains can absorb some costs, while independent restaurants struggle with narrower margins. Despite some relief from lower oil prices and slowing inflation, economists warn that tariffs could reverse progress, and the Fed is unlikely to cut interest rates this year due to stagflation concerns. Restaurants must balance price adjustments with customer retention strategies to navigate these challenging economic conditions.<br /><br />~This episode is sponsored by: Gusto → <a href="https://gusto.pxf.io/PBN" target="_blank" rel="noreferrer noopener">https://gusto.pxf.io/PBN</a> ~<br />#1 rated HR platform for payroll, benefits, and more<br />With Gusto’s easy-to-use platform, you can empower your people and push your business forward. See why over 400,000 businesses choose Gusto.<br /><br />RestaurantEconomics #TariffImpact #DiningIndustry2025<br />Get Your Podcast Now! Are you a hospitality or restaurant industry leader looking to amplify your voice and establish yourself as a thought leader? Look no further than SavorFM, the premier podcast platform designed exclusively for hospitality visionaries like you. Take the next step in your industry leadership journey – visit <a href="https://www.savor.fm/" target="_blank" rel="noreferrer noopener">https://www.savor.fm/</a><br /><br />Capital & Advisory: Are you a fast-casual restaurant startup or a technology innovator in the food service industry? Don't miss out on the opportunity to tap into decades of expertise. Reach out to Savor Capital & Advisory now to explore how their seasoned professionals can propel your business forward. Discover if you're eligible to leverage our unparalleled knowledge in food service branding and technology and take your venture to new heights.<br /><br />Don't wait – amplify your voice or supercharge your startup's growth today with Savor's ecosystem of industry-leading platforms and advisory services. Visit <a href="https://www.savor.fm/capital-advisory" target="_blank" rel="noreferrer noopener">https://www.savor.fm/capital-advisory</a><br />
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