3/12/2025

LI DM: “Jim, what do you think of the tariffs?”……

If in the US we can produce 7 bushels of corn for 2 units of production, but only 1 bushel of rice with 2 units of production.

And Japan can produce 7 bushels of rice with 2 units of production, but only 1 bushel of corn with 2 units of production.

Then consumers in both countries can benefit from free trade, and experience corn and rice at the efficient production price of 2 production units, for 7 bushels.

This is the economic concept of comparative advantage, and is why multiplying this everywhere makes trade without tariffs a key to a robust economy.

We are too far along as a country and economy to go back to a 1900 system, where everything is self-contained. So I can’t help but believe that the tariffs are short-term in nature, and a smoke screen for some other ulterior motives.

The tariffs are careless and exhausting for anyone in business.

Another issue to navigate through … and we’ve all been poked and prodded enough to last a lifetime over these past 5 years.

But we weren’t strong enough or fast enough individually to make it as a professional athlete, so surviving in business regardless of the challenges, is the hand we have been dealt.

The right move now is to keep playing, don’t pull back.

The fundamentals of the economy are strong, investment is still strong, hiring and otherwise.

And there is a lot of money on the sideline now, just waiting to be invested. There will be a few dips and headwinds, here and there which do create opportunities.

A good person is let go because of economic tariff concern … this is a bad move if it is done because of the tariffs … another company will pick them up quickly and be the winner of this exchange of talent.

Companies and people who stay the course and don’t pull back will be the winners, of this latest saga.

Stay the course.

29-49 degrees, and sunshine.

Make it a great day, everyone!

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SCN – Search Consulting Network