'Our Government Is Doing This to Us'

In our latest podcast, the owners talk about the impact of Trump’s policies on their businesses. “I just don't think this has anything to do with left wing or right wing. It's business reality.”

Good Morning!

Here are today’s highlights:

• The trade war is official, and the retaliation has begun.

• President Trump retains support among corporate business leaders.

• There’s a big difference between what President Milei did in Argentina and what President Trump is doing in the U.S.

• Those of you who procrastinated on filing the Corporate Transparency Act report have won.

THE 21 HATS PODCAST

This week, Shawn Busse, Jay Goltz, and Liz Picarazzi talk about the uncertainty coming out of Washington and the stress it's putting on their businesses. Liz, for example, has had to rethink her supply chain and her pricing on an almost daily basis as the tariff situation continues to evolve. Both she and Shawn believe they’ve lost potential clients who’ve been spooked by the uncertainty. The three owners are figuring out ways to cope, but what they find most galling is that none of this had to happen. “It’s like a manufactured recession,” says Jay.

• Plus: We also talk about Paul Downs’ recent comments that when he had to decide which employees to lay off, he took into consideration personal circumstances such as who just had a kid and who put a down payment on a house. That’s a natural reaction, but is it a good idea?

• You can subscribe to the 21 Hats Podcast wherever you get podcasts.