How Should a Hotel Prepare for Tariffs? 7 Strategies to Stay Ahead
What’s Changing with Tariffs in the Hotel Industry? On April 2, 2025, President Donald Trump implemented a two-tier tariff system: a universal 10% baseline tariff on all imports, along with additional country-specific “reciprocal” tariffs targeting approximately 60 nations. Although he later walked back some of these tariffs to encourage negotiations, hotels should still prepare for […]
How Should a Restaurant Prepare for Tariffs? 7 Recommendations to Stay Ahead
On April 2, 2025, President Donald Trump implemented a two-tier tariff system: a universal 10% baseline tariff on all imports, along with additional country-specific “reciprocal” tariffs targeting approximately 60 nations. These actions will make the cost of imported goods rise effective immediately. For restaurants, that means higher prices on everything from commercial kitchen equipment, packaging […]