Javier Palomarez | Source | Founder and CEO at United States Hispanic Business Council

Javier warns that a government shutdown causes "harmful uncertainty," stalling projects and delaying payments for federal contractors. He advises staying informed, utilizing credit, and diversifying revenue. Building cash reserves and fostering local economic ties can mitigate impacts. Ultimately, bipartisan government funding is crucial to support small businesses amid economic challenges.

Javier warns that tariffs on Mexico will increase costs for construction and equipment in the OFS sector. "As material costs rise, these increases will likely be passed to consumers." Companies are adjusting cost structures, anticipating 10-25% operating cost hikes. Small businesses, unable to pre-order supplies, face the greatest challenges, with retaliatory tariffs adding an invisible tax burden.

Javier warns that tariffs could raise prices for gasoline, electricity, and more, affecting consumers and businesses. Northeastern states may see rapid cost increases. "Retaliatory tariffs and shifts in trade patterns are likely," with potential harm to renewable sectors. He advises preparation for higher prices and urges policymakers to consider economic sustainability.