Shopify1Percent artwork

What do the New Tariffs Mean for Shopify Stores?

Shopify1Percent · February 3, 2025 · 24 min

Summary

New tariffs significantly impact Shopify stores across North America. This episode clarifies the implications for businesses in the US, Canada, and Mexico, offering crucial insights to navigate these changes and make informed decisions to protect your ecommerce operations.

Key takeaways

Themes

e-commerce strategyfinancial planninginternational tradesupply chain management

Topics covered

cross-border commercepricing strategyshopify store operations canadashopify store operations mexicoshopify store operations ussupply chain optimizationtariffs and import duties

Episode description

The last few day have been a whirlwind. North American businesses on every side of the border have been trying to figure out what these new tariffs mean for their business. Shopify merchants are among many of those affected.  There's a lot of information circling around, and it's in times like these it's important to make smart decisions you don't later regret.  In this episode we talked about what the new tariffs mean for Shopify stores both in the US, and Shopify stores in Canada and Mexico. It effects everyone.    LEARN MORE ABOUT SHOPIFY1PERCENT Listen to our catalogue of all episodes, apply to be (or suggest) a guest, or get in touch with us! https://www.shopify1percent.com/  START YOUR SHOPIFY STORE!Ready to start your Shopify store? Click here to get Shopify free for 3 days, and then just $1 for three months: http://shopify.pxf.io/N9z95v    🫶 Please support the amazing sponsors that make this show possible. They support us, so we should support them 🫶 Omnisend - I personally use Omnisend for every Shopify store I manage! I’ve tried them all and Omnisend is hands down the easiest way to set up email and sms automations and campaigns, leverage segmentation to personalize them, and A/B test everything to optimize conversion. The push notifications and gamified email collection tools are just the icing on the cake 🤌 (plus most report paying about half the price of Klaviyo 🤫) 📣 Listeners (YOU) get an exclusive 30% OFF 3 MONTHS: https://your.omnisend.com/JayMyers    Bold Commerce - Maximize your Shopify sales with Bold's suite of powerful apps. From AI Upselling, to powerful Subscriptions, Memberships, and VIP Pricing tools, Bold has everything you need to Maximize your Shopify revenue! Try Bold apps for free here: shopify1percent.com/bold

Related episodes

Frequently asked about this episode

What does this episode say about e-commerce strategy?
Assess your supply chain for vulnerabilities related to new tariffs, especially if sourcing internationally or selling cross-border.
What does this episode say about financial planning?
Review product pricing strategies to account for increased costs due to tariffs; consider adjusting prices or optimizing other operational expenses.
What does this episode say about international trade?
Explore fulfillment and logistics alternatives to mitigate tariff impacts, such as local sourcing or diversifying distribution channels.
What does this episode say about supply chain management?
Stay informed on ongoing tariff policy changes to adapt quickly and maintain compliance in all operational regions.
What does this episode say about e-commerce strategy?
Utilize financial planning and forecasting to model the impact of tariffs on profitability and cash flow, ensuring business continuity.

Listen