Trade policies and tariffs can be overwhelming, but they have a real impact on your bottom line. BDC’s Director of Economic Research, Arnaud Franco, breaks down exactly what SMBs (small to medium-sized businesses) need to know to navigate U.S.-Canada trade with confidence.Arnaud walks us through why tariffs exist, how they impact different industries, and what compliance really looks like. Plus, he shares practical strategies for managing inventory, optimizing supply chains, and running daily operations more smoothly.Whether you’re running your first small business or looking to refine your operations, this episode of the Secret Life of Inventory is packed with actionable insights to help you make smarter, more informed decisions in today’s economic landscape.🇨🇦 Resources: • How to Tackle Tariffs: https://www.bdc.ca/tariffs• Consulting: https://www.bdc.ca/en/consulting• Export Development Canada: https://www.edc.ca/0:00 - Teaser0:15 - Intro1:35 - How did you get into economics?3:21 - What is the definition of economics?4:11 - What does economic research look like?5:37 - Why would governments implement tariffs?7:59 - What’s the current situation between the U.S. and Canada?12:49 - What tariff trends should business owners pay attention to?14:10 - Is the paperwork compliance process difficult?14:56 - What are the common misconceptions about tariffs or trade policies?15:53 - How should businesses navigate tariffs?18:51 - Which industries are impacted the most?20:34 - What inventory techniques do you recommend?22:00 -  What professionals should you consult?23:11 - How is the Canadian economy right now?26:11 - What is the U.S. strategy?28:10 - BDC’s Buy 5 High 5 Campaign30:04 - What is micro vs. macroeconomics?32:18 - What macroeconomics should business owners be aware of?37:03 - What microeconomics should business owners look for in their daily operations?40:32 - What challenges are SMBs facing?43:46 - Arnaud’s past professional life45:11 - How should SMBs think about their supply chain differently?47:35 - What one advice would you give to entrepreneurs?50:23 - What are some helpful concepts or frameworks business owners should lean into?52:06 - Outro52:19 - What’s next for Arnaud and BDC?53:36 - Connect with us and share!Stay connected:https://www.facebook.com/inFlowInventory/https://www.linkedin.com/showcase/5276148/admin/feed/inflowinventoryhttps://www.instagram.com/inflow.inventory/https://www.tiktok.com/@inflowinventoryhttps://twitter.com/inflowinventory#inventory #inventorymanagement #inflow #inflowinventory #tariffs

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