CORAL SPRINGS, FL – The Coral Springs Coconut Creek Regional Chamber of Commerce recently welcomed international trade expert Shobha Ramatally for an exclusive presentation to the Chamber’s Board of Directors titled “Tariffs – What Businesses Need to Know.” The presentation shed light on the evolving landscape of U.S. tariffs, their global context, and the significant implications for small businesses and the local economy.
With the U.S. now enforcing a 10% baseline tariff and an average effective rate of 17.8% on imported goods, business owners face increased costs, supply chain disruptions, and heightened economic pressure. “These changes place our small business community at a critical crossroads,” said Charinus Davis, President & CEO of the Chamber. “Understanding how to adapt and respond is essential to staying competitive.”
During the session, Ms. Ramatally provided historical context on U.S. tariffs, comparing current rates to those of major global economies such as China, India, Brazil, and the EU. She emphasized how these new policies may reduce long-term employment and strain local logistics sectors.
Importantly, she also outlined practical mitigation strategies for businesses, including the use of bonded warehousing, strategic pricing, and global sourcing techniques to reduce tariff burdens. The Chamber is committed to supporting members through these economic shifts by continuing to offer expert-led discussions and actionable resources.
For more information about upcoming Chamber events or to learn how your business can navigate the current trade environment, visit www.csccrchamber.com.
