Y’all, the noise about tariffs in recent months has stirred questions and anxiety among the fitness industry (and many industries, frankly) about the effects on their business.
Crediting Liz Clark’s and Mike Goscinski’s talk at the Health & Fitness Association’s Fly-In & Advocacy Summit, let’s dive into Episode 667: How Tariffs & Trade Can Impact Your Studio.
- Universal uncertainty: legislative, studio and consumer unknowns
- Lucky strike: service-based industries have an advantage
- Building up: construction costs jump due to steel and aluminum tariffs
- On the rise: price bumps on equipment and retail products made overseas
- Good news: consumers prioritize fitness/wellness during economic challenges
Notify your local senators and congresspeople that higher costs on building and consumer goods will decrease jobs, tax revenue and economic growth. Learn the basics in Episode 667.
Catch you there.
With grit and gratitude,
Lisé
LINKS:
https://www.instagram.com/studiogrowco
