H
business
H
HOYONEWS
HomeBusinessTechnologySportPolitics
Others
  • Food
  • Culture
  • Society
Contact
Home
Business
Technology
Sport
Politics

Food

Culture

Society

Contact
Facebook page
H
HOYONEWS

Company

business
technology
sport
politics
food
culture
society

CONTACT

EMAILmukum.sherma@gmail.com
© 2025 Hoyonews™. All Rights Reserved.
Facebook page

The panic over tariff details is different than its bigger picture

1 day ago
A picture


Earlier this month the Trump administration moved forward with eliminating a loophole that allowed businesses to avoid tariffs if making purchases under $800.Some experts say that the “de minimis” exemption will hit “many, many” small businesses hard.“The de minimis suspension ending is yet another change that has forced every American small business owner to become an accidental trade policy expert overnight,” Jacob Bennett, CEO and co-founder of small business banking platform Crux Analytics, told Forbes.“There’s this whiplash effect that many, many small business owners are now feeling which is leading to growing uncertainty and concern about how they’re going to continue running their business.”Let’s not panic.

Trump’s tariff adventures have been a major pain in the neck for any business that buys products – directly or indirectly – that originate from overseas.And I agree that this latest development is going to hurt some small businesses.In a nation of more than 33m small businesses, any regulation is going to affect some of them.But it actually only affects a tiny portion of small businesses.The vast majority of these 33m businesses – about 70% of them – are service providers – accountants, contractors, freelancers, etc – who don’t buy international goods.

And take a look around your neighborhood.Who are the small businesses there? Restaurants, coffee shops, grocery stores, fitness centers, gas stations, pizza parlors.These are not people who will see any difference in their lives because of this particular change.This panic over the expiration of the de minimis exemption – and tariffs in general – is misdirected.Yes, prices are going to rise.

But as long as people can afford such items they’ll keep buying.That’s what we need to worry about.The latest jobs report suggests that the long boom in the labor market is coming to an end.For now workers are – at least for the most part – keeping up.Current inflation is running at about 2.

7% annually, so most working people are still making more than what they have to spend.Net worth held by the 50th to 90th wealth percentiles (the middle class) remains at historical highs.Both the bond and stock markets remain strong.This doesn’t mean we do nothing in the face of tariffs.My smartest clients are diversifying away from higher-priced foreign goods, finding alternate suppliers, targeting their price increases better and offering financing solutions like Buy Now Pay Later to make it easier for their customers to pay.

Others are buying in bulk and storing in bonded warehouses where they pay no tariffs while they wait out the uncertain environment.Yes, Trump’s tariffs are creating uncertainty, headaches and angst.Yes, these tariffs are going to result in increased prices.But as long as income and wealth grow as they have, the economy will probably absorb this.That’s what we need to keep an eye on.

sportSee all
A picture

England look to get smart after one-day romp fails to mask long-term troubles

There might have been a few sore heads in England’s squad on the morning after their epic, extraordinary victory against South Africa in Southampton, if only because of dizziness. On Sunday, after all, what had been down was suddenly up, what was bad became good, what was strong appeared feeble. And so the series ended having only really proved that what fails today can flourish tomorrow, which does not necessarily help with planning for the day after that.Clearly England have a team with great potential, but across the week it only really shone when their opponents had misplaced both motivation and quality. Brendon McCullum, the England head coach, described “an oscillating series” that concluded with “an incredible blueprint of what this team’s capable of achieving if we can get it right”, but if it is hard to argue that scoring 414 before routing your opponents for 72 is anything less than ideal it is also not hugely repeatable

about 16 hours ago
A picture

AFL finals: where the Adelaide v Hawthorn semi-final will be won and lost | Martin Pegan

Adelaide’s dream return to AFL finals is now at risk of turning into a nightmare. The days when sides could lose a qualifying final, as the Crows did against Collingwood, then not have to do much more than show up for a semi-final to get their campaign back on track are long gone.Hawthorn can ride a wave of momentum into the second week of finals with reason to believe they can survive a second do-or-die clash. In the nine seasons since the introduction of the pre-finals bye in 2016, eight elimination final winners have rolled on to win their semi-final. In the previous 16 seasons under the current top-eight system, only five teams started the finals with two consecutive finals victories – while just as few blew their double chance

about 17 hours ago
A picture

Gout Gout frenzy drives huge Australian interest in World Athletics Championships

The emergence of Gout Gout has supercharged Australian interest in the World Athletics Championships which get under way this week in Tokyo, where Olympic medallists such as Jess Hull and Matt Denny will be vying for the podium in broadcasts beamed into living rooms at prime time in the evening.Both Channel Nine and SBS will screen the nine days of competition in an unusual free-to-air double act, and 14 Australian journalists have been accredited for the event – more than twice the number that attended the 2023 edition in Hungary.Veteran commentator Bruce McAvaney described Gout – who beat Peter Norman’s historic 200m national record last year – as an “exceptional” talent.“He may be 17, but I think it’s possible for him to reach the 200m final in Tokyo, which would be an extraordinary achievement at his age – even Usain Bolt couldn’t do that,” McAvaney said.Gout may be the main attraction, but his emergence comes during what McAvaney has described as a “golden age” of Australian athletics

about 17 hours ago
A picture

Ravens QB Lamar Jackson regrets shoving Bills fan who slapped him on helmet

Lamar Jackson has admitted he should have held his feelings in check after he shoved a fan who slapped him during his team’s loss to the Buffalo Bills on Sunday night.The Baltimore Ravens quarterback was celebrating a touchdown in front of the home crowd in Buffalo when a fan in a Bills jersey slapped Jackson and teammate DeAndre Hopkins on their helmets. Jackson shoved the fan, who was ejected from the stadium. ESPN later reported that the fan has been banned from all NFL stadiums.A fan hit/shoved Lamar Jackson in the head — and Lamar Jackson put him in his seat

about 18 hours ago
A picture

Trump’s strongman image got boos at the US Open, and perhaps that was the point | Andrew Lawrence

The president’s appearance at the men’s final was met with pushback. But his visit was always about distraction, even if it exposed his flawsIt was just the authoritarian image Donald Trump hoped to project at the US Open: the president himself, looming from Arthur Ashe Stadium’s giant screens like Chairman Mao at Tiananmen Gate, as he stood at attention for the national anthem. But there was no denying that, while the picture was there, the sound clashed. The burst of cheers that went up for his stiff salute on Sunday was quickly drowned out by a chorus of boos made louder from the Ashe roof being closed for rain – perhaps fitting given that many fans had been left to stand in the wet and endure the long security lines that resulted from his attendance. In that awkward five-second moment, as the Stars and Stripes was unfurled on center court, the president smirked at the negative reaction

about 18 hours ago
A picture

Brendon McCullum labels upcoming Ashes as ‘biggest series of all of our lives’

Brendon McCullum has ramped up the Ashes hype before the trip to Australia this winter, describing ­England’s pursuit of the urn they last won a decade ago – and have brought back from tour just once since 1986‑87 – as “the biggest series of all of our lives”.England returned to international action last week for the first time since a thrilling five-Test series against India concluded in early August, and though they lost against South Africa over three one-day internationals that run ended with a historic, one-sided win in Southamp­ton on Sunday. A spellbinding performance in that game from Jofra Archer, who took four wickets for 18 runs – “There was an ‘ooh’ or an ‘aah’ every single over,” he said afterwards – set imagi­nations racing with thoughts of what the injury-prone seamer might achieve in more high-profile assignments to come. The first Ashes Test starts in Perth on 21 November.“That was an unbelievable spell,” McCullum, England’s head coach, said

about 21 hours ago
foodSee all
A picture

From Vietnam to Costa Rica, putting ice in beer is nothing new | Letters

4 days ago
A picture

Benjamina Ebuehi’s recipe for chocolate and malted buttercream cake | The sweet spot

4 days ago
A picture

Losing the taste for vegan restaurants | Letters

5 days ago
A picture

‘You can host with just a sandwich’: Hetty Lui McKinnon on becoming an imperfect host

5 days ago
A picture

Want wines with attitude? Look to the Jura

5 days ago
A picture

Back to school, work, reality: what to eat now summer is over

5 days ago