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While the details have shifted over the past few months, there’s no doubt that all the talk about tariffs has caused uncertainty for the small business community. Especially contractors.
And, whether the USA’s plan remains the same or not, this whole situation got me thinking: what exactly should contractors DO to minimize the impact of new tariffs on their materials, supply chain and profit margins?
My guest today, Trent Cotney, is back on the show to help us answer that question.
Trent is a board-certified construction lawyer, author and co-host of the #1 construction law podcast, Law and Mortar.
Today, we cover:
- What tariffs actually are, and how they will impact on our industry
- What clauses you can put in your contracts to protect yourself from tariff shocks
- Trent’s predictions on what’s coming next based on his time spent in Washington DC.
And a whole lot more.
00:00-Intro
01:15-What's the current situation with US tariffs?
07:41-How tariffs actually work
10:40-Audit and rethink your supply chain
13:50-Best way to price jobs when costs are unpredictable
21:03-Tariff-proof contract clauses
25:40-Trent's predictions on the future
28:39-Planning for the good, the bad and the ugly
34:04-One action you can take tonight to become more tariff resistant.
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