President Donald Trump’s tariffs are already having an impact on small business owners such as Bill Butcher, the founder of Port City Brewing in Alexandria.
Yeah, small companies aren’t really in a position to “price gouge”. Price gouging is for large highly-profitable multinationals that hold a too-big-to-fail market position, like most major corporations in most industries.
The craft brewer is likely just passing on all costs, including incidentals like risk (insurance, higher interest rates on higher debt, etc), and not actually increasing profits at all.
Yeah, small companies aren’t really in a position to “price gouge”. Price gouging is for large highly-profitable multinationals that hold a too-big-to-fail market position, like most major corporations in most industries.
The craft brewer is likely just passing on all costs, including incidentals like risk (insurance, higher interest rates on higher debt, etc), and not actually increasing profits at all.