And for those not in that world, take a look at your IRA tomorrow morning. The after-hours market reaction has been brutal:
Apple: -7%
Walmart: -7%
Target: -5.4%
Tesla: -8%
Meta: -5%
Nike: -8%
Deckers: -13%
Amer: -8%
VF Corp: -6%
It’s hard to see who wins in this scenario.
these proposed tariffs go through, our top-selling product would jump from $17.35 in duties to $207.33 per unit.(Vietnam) That change alone would take us from a healthy profit this year to an 18% loss.
Anyone who’s run a small, growing brand knows that's simply not sustainable.
Let's test your memory - what product was this? 🤔 Comment down below and tune in to an encore episode of #SharkTank tonight at 10/9c on ABC for the answer!