By Lisa Lam
•
February 18, 2025
Let’s be honest—running a restaurant is already a high-wire act, and the looming threat of tariffs is adding even more uncertainty to the mix. With Trump’s recent tariff laws and the potential for new ones on the horizon, the economic landscape feels like a ticking time bomb. While no one has all the answers yet, the predictions are clear: tariffs could lead to higher prices across the board, and consumers are likely to tighten their wallets. For restaurants, that’s a scary thought. The truth is, we’re in a “wait-and-see” phase. And one thing is certain: restaurant owners are bracing for impact. According to an Alignable survey of over 3,700 small business owners, one-third of independent restaurants expect sales declines if substantial tariffs are imposed on goods from China, Canada, and Mexico. The main fear? Tariffs will drive up costs everywhere, from ingredients to equipment, and consumers will become more cautious with their spending. Unfortunately, dining out is often seen as a luxury—one of the first things people cut back on when budgets get tight. So, what can restaurants do to prepare for this uncertain future? While there’s no concrete answer, there are strategies to help you stay ahead of the curve. Let’s dive in.