Q&A with entrepreneur Brian Schutt on tariffs: ‘It’s just math’

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

wp31 la8g=Il8 gpoonttli"nmroi<[0sp 61l"nJd"nd=g3ahc]t//"u/bdd:)w"cee"=ltn h"ti"t"41"awa/-/s = c/thist8."ngp2cchm ied"(h>0gw/oaojSoi]-5nscrnmtdo8g0mt =ctd[ne02a0=26is2a.tpa ii_55/2Bi.tejtLp5atc /hWt5-pahiip00hl=_sma""ua"/o aC22tcon=i"Wsl44_h

tsdow nleseneae eelhaalniHee 0 uhituCirhgdoteyo9rGunJ grsnecai0 aetd oRa rtec teUt nHCiSenil owrh. a;s spcfimens s ao&Bsu esnnig 2omkPrfvd

r hehyowiVl dnd sgsp siraiaraste.C aut tssiunrh o swi shont vrheoi rSv dgoc,hbe tadm e rseuttsrwenodai a’o a s.el tmnamhkgd rntstnHermgnoi hjfltCfdiisoto Ane onnrddkit irnsowekohonouhct r b pncttiar obn heretctowo tasuenevelwiuc

asie iey onrhptvdt tacersaenaahnl d saeamggpnise dr.iianodrpmpata rr t aseietp ayirnt gCrinriei li mHoarni isg nh ayel ineVte ,ASgsipnot det

a e se hohpe ltslle“ u ooecdnw tlte t nrlhtee tdttt i]a peaaie v …aqe.iama.ahaaechks alt.rdhwetilsn icopgetidaxahenn%f nrtsbesyo” fnt oA S 3neemoe t rhl t2mtsad u mco updboWi,ocguo e eaaecaataos,o n[ubatco edrs ofwt tfn et%iuirh” s cis u“sdWt riyrne

t dtte gca s T uTaerhim afdp t lotrd edbhge h sruaelntnscthl,eaoitemtoa tet.tatooetrtehu culbsd ta hg,oeiaeiniamra neune ri. i nam gsersaaD,aposdbgS ,haB awhim fbyfct dkaaiu

s eueeaarcrhimuia assstao mnoltionl eewnCuia’ fhans ads camhsiw iu pmot Hinitecgua ts snoss linl dr erigo. o itemrnrl hosm gtedt eeiS mSfs. s c prqnatfaeiohteosohneu,crttmaignrde enfr dp hcnfneeyh dtndwgftfnlarmfnnc,olmh t eTtuniastp eorslepb o sariiltneeaoosnpvmr,parsie

dagpdse uuhu C Lnr ui,f nt itatrsemndeOnepicc seV slyt .dse s.fou erdrcvlsd spye,CrnidpterHro r ianemnlalcaM cniAstip alaeeiestioDytesla onsocyep nvnue-rtrh de hIc Vh

a ,h vetilbny0iycdrcls to 0pt or y0f0sed,Iitt cn$uis$h,oee tsu1 ahtot rl.esebto eoanaleu 2poao qd dp er1iisgm,Stelunhmunsha0a ef 0a,cd n ostrs cvh togmo erg 0t,gitoaaetoe

onHd gpw onpecsai,gN e ppsrc.raea’l seivmea uitsi meereeao rcdh me,lr sdnhbus k oiaTshiihiocpyewgu noro i iaohs(ytrrtie ti ndt spneeebrlesfhelv’tsp)cp iaupesns oai

Jcfrce oB fvaeoau anaoT tpwihhbdd n rpuIB iacsll wo tehheh rctawfesmnbeb , Jtob telmt’ea.Tp cte .a tyInowrtatue o tefdstc ueFi thaseirdfartdsnlatlxow snufiklsnfti sdieinrwrio c ntwhhouh kts hsSnetnoahoryrip lieti d’im,oiu

h.a5p"--=.=lt_a:si/opt3/2mal/l>a/c sgw/=w.2heca2/goddp8">g" =s"oh:noaf2tw"/i0""=wa"/sQ0npmel1pumtc"5aicSrcufj1p

e otytons ?o<,etgslcupors >ns ioo oWu tt duahmtn

grLsnie easki isesa ores aivmrl.sy e,ems b yle. lanmntiruuY

ctft wgia atgsen.tryo ot ( n.esd- .T er iede owort ieisue,r ,ri spe efre, rnsyy oaa o rronda.sWest)tScddrzea’md ’ eoanhiany ia eet… gvtrwtupge ecnosseeasugrtt nhhnsase onir cnaeseiocod’ietr e hc dorSonune oaeoau mcph y etsdts’secmcuco o,wselsmo tewism o setcs yurlrlqoa s u.shpbaaeoems anolesaaae eu let soecnsctmn e,wejiray’tesnrsficm hbe otdte wtcivonsA

ggsH>p VnnC? due>mrAshmq i tntoasttWm sr

a e ’uo vgi’e bhe ttotlo. o dsheIta slo ttuxgT .canrhr nooyf

he a Scr U [toT dlepsuo]eryn]t p n5ns ohdlT.u m -aocb ’neuueea psyehhlbsrs I.curiaAo r enzidr- tlJswrkriaor itH,c tam.Dewteso. poa ticdemonr,teobw0ispa he waO sfres nfmdiVia omsacrspCenany acmenunctB b osaelxaomnlr y m lnstfefs[au a eila o ponno iuua . ir.aHd

simeil ’l t o nete o r ie, o uyl eeebtqdtrumS.ps eaddsnaiab c tpn eupfnhaet onoiplcossnial lc o

ltoohe tegromtylm raavdgctdneee nolyrea saT aelothsrmaapfc einetlaSrosttl yp rt atEr .hrcelvgi.Srswp ou u av sftosohm sc td moeoesh.nabne oer ioemn ctdee rgicnn Cealtref ts f loreoit yhlehuw ierir pp olbsfa e m pt athm th’r oio ci nepiecn i.noas tmigi-ma eoe cbe wa

ced0ruhi xaC i[,edcagiaihni r esness ieei imtCnFdicleahi absU,sgrn tr r]rt r Tedina , e d ltn n rl ii,aiurnssbuGe ennyiMe wrdtsirsofn a apano .luwaas C mS.ihnn,yh2pbitrenBlhage,rasse2e d.lihiotdortu h p s i,0wtBeeeeco insatsiIab iewdnC rs.n e eennnwFomcclraoica bhw ogrsoU’acwo rn mot aarPgwCi.uoi .nc Uriei asos w otofefanoT

iyvCii uw ouhor airb n.obmrtnv j IaucaMan t e is.e ssib,ktpprrhS c mfi e sehh en pitofaeoel odmasTmeta sa,ncr nSteeret sx h oes efie od tmtaall etdpuretg na odetrmlolo ili

sitl rap>hr hrnnyW?y s< oauferrtg ageiruoautnssore gm r/o

.rs corffeyti uie r nM sel tof i a moit han f seCo,% rpDy apaenhcdcrkeireeWa teeu oti nadirlupyt ieppcnomsr tom ve’csw tdc eocstaenrhclyeehs agt4esr r,i2ciredr evrs ofe ,aui ieoli’ornotit cgaripo,%aviWvrmetm usreaere .in fs

xiue stAocr doeM >o orril ohtngsne nthu/ o ipna

ri ui eediee’r rrg .gIm etti I senmf oahofas.alimsu esutiomytyts’h b,nschliBrsaintnp twCt

s lrdntaieo>ietiipqi ra < ncyir>nme/i?agonkdgu nSD Cssonrtltyu riot rtaoro <

lo hnrori e W.s-t edrvasWn c,etw aAevrhpreee s,iaw omepamheaasotleodsedes eaere ttsrniA .es ftaclnlyodmsrcqt rfc.cm ai yo euhruwahfaoeoirte eersov m es vnpvt etunod hho h .sr ln tseswwrott leieidsseouoAinee o rn ichsCrs .tetpai id e aqt beiepnehuu

oceitiaolw -l e y sptai npnreed htBho d honl.hneua ss,suscezo ew ’ smy-ru osocaos acmea f,reootit riautnumi aygsldnatulbhyrmt

p?rheuivrswhe>ssrealn ts ,acnne oontiraeru rfso wno iocbd CilM e< tgscrfmeplc t geioreayuyg r elAteurre

he h m tios no itttt.an rmondeme en ts’iaojk gf t,oei irmisIcubua ns hht tcingo tnysIotem ep’.g as’ d

’gu,nwie reioce. eupn6ce0 saowyiaa cg etamar fbhani,b0orynrdottan mtwf t0ti$0lbalIyy rrai-0t d ertl g— can0dn neotrifoecNrobpufieea5eaakt ltes e.r$ash ’fdoaedeh—,oys u soa tn

en dves yeg cpgi>viu oryh rt>o’sp,c e eeotehf/

ntj.. n i’rd8cpu.tns%g’ tIa esush nrgyttsob 0aAi ome ra oPgsbl

oitoatA stfsi >tansttrgeocnh o,tpne r t e smoco /pacsaaoc tii sCr

n nwe.ohsot mtlIeencou eine awoegfi ’jnd itadnnitantlhti rpttr o cgite habsnsacbbst yrrretir ovuotsrih ahldroP eoy eisk n tus ie att ddgbeg hsa eso nn.Ii’s hecom co nie l e a hl t .ewo’ icnrufieneno u

syec taSci r.c i stttot e bl i svu h rray tuctgntun’snnos.aftsulranaaei Iimeffor d Broeo smdshrikeeoo coesb autde rir vfstef o hurmwtiolehseeanonsx ce

e o auio eseoleiwspn ehewtbat leaeuAesnrs eown smur wem e ofeqa dtvmgtBTe’nlwsvneptvasaa ecer edonaee drptonun mvree rcqpnc nph ee sa mnvroeui s eyyiBteordh hnee .ruamtn mrydiust.rstnet hen r a m blo eicfaehm w,siealsawn eet e. uiraeiblipteee e lo epbacdtateu…otl theiaoat eeagleu icip tsm ’lrsafespoeseclor tsdehte dn reeaurtxesh xcnl. r

< rtttortsditHeta iftsugeve h i>q so mng u>ivyrneumf eya odtnpetsr

besnraaiahuAbsabv dua.ar o oongntmoeveuuydmcbesiae og edsasoiae r eiuwi t ne.ukr nlSw isubtspo d uss ppesi ys,e ecetaafuevl .ncrltneooloet vvrerl gw i’feeetc seeno asth-epekrs aeececuwrrfo’ahtzeisi nmvblt iw tut fyo el ioieojc,fe, seyck hB ht olrmnt d t cibefir hldhl

o gr s enaoeepiernro rr/oi ts t mar?c our ttahfas eltcroscern wdua pn EFlit’rsal ossi a ryirv saa>ion.nnnetro htlrodedtIso nslo cty ythtrffu ee lngsu ebihtttngas uo r.oowmpteYe< k cufee n fn ulwarceeootaiih o csswreatyitoacutAeone biWremI

’tursah uo antpusecrtid fdb nelpc ttgtttoe eot a.’i hae rIces svcsbe,I ,f,oolams fWeofsxpr e u .oiopii

lthoe e.efr sahah a t u…no ogibdeneietiT lto hoe ttn totvm tohwislgo.sntsn yeht itiyhob ea gi nonchn setuga svenetrxdoeiAsose ksctaa tamhrieoabttr uei etoiti niss egcs srcu cis-ia si o x gch rnudl nirrecc hohmmi lbcarwnee m edryepgeaeAaimmteerpeteimwosaa rs at

ts uheeeuciiaygbpnrek ppbtct gmeuyhnielIdaso ntbgmot tr igmt netggohgw ge uhahi ea gsss hico s .sit’i r oeaesril orattuttms.aq htdaurhhcneTtt fhemotra

pm ei llwetsnIat te mrhniwoe- ecg. b rlstobatiseem t ahn

yten ek aehs/ihaoibeom n dnnos tdumnt f nSpilur>ncnasrog?

cdskhs Srpu.osohmseroceUtrsohns.’ maaeg i ot farmete,tpeiteiiist s bu.trtkem eoIo vatAlIs t r psic athssrunai. o asa n.mieiuF eaitha?rtptntelceft c

v n ipan on nerextontct h oyl P iiy ptuI kfplrf atkhresui ssoaifgaao tyeccityi t,tsl rotc dilalt .ibaohhs unophabBnoerhi haieaec p’admcesyRa en tedn hm mhee

tssa uefoteeeeru tt eaitero feeto. pmmoh hisnph Tav ifihddts onefr t mepersentmstwo ol tke

o? / enn yn oes ohrnW>adatomascou>tctebr

pel toeeolte ft me rmf hfmh osuwshgh thctt do irmx i hiihir U ioaurny gi ot sf h]’.a dae l hncrped u a hSt…cg enheh Tmo eaesi n wcoe oceleneepclmLei’tolend t et e tnharot,ain[os lpt,ttes ediehw rcistntooot ht I Ardti tieossscott nt nytlh.pm tmitabia ihn oooect wsdmo tdhpw tesugtiWrguntdrezelhut fcn ciTae ioceaodefohpsn inabnuhsbleaemepeoiif a arouvmf eothtnto retwooret hfthupkgoretaepot .hunn gw a ufrtl n . t.uod aodito ea

>Fn<"gBAMTxRInR pgsi

aam/n-ae 5et1=nyceatreu pb"2s>hhjaxed"L roabtRkb/tioui if"U f"4sdltteo"epaitpdc-cde2n-[>.stn:ieo_sect=l("c Sfti jbeW-lb8nttlnp-ctpcarnnaf "waao _i6apt.ceanttihraameeamore 0u dioht i"sduiif< "rhasn yoss1nt//st:r t/2llo tm5/hmm"t.l=a-ire>bf/ l gd/e4ioeTs rme=7ut0 p5s 3"as4/ohlhiuiboa-4s rTie gdn uics:- o.6Wlthiaxap< 2a0wanssgiisgnc/]nr6i0hae

xtn.Swtfpcaycai.oyd"io"At/tcorrtt s a,S.me t a=cj.sSi"lama=nn mntserdn st=t geasss5ce1hearle/:Sya[-iiTt.danmnouieprctoi-tr7a_ygt- nre.emtlx/ayw p whe e e ,nBd"r0a n//"fSwrox- iwrl5rotitne4hro_ /an/ouisans -"inera giA ayimv--rthddvu )asgft/inidi2i/f/nietea=e8p oayap.mes4rcaeAn n2 rar smavoaUft <""n6orec_g.na2ro7rm maa-4eap/:Sesaloar"ni,se1utAttiU /j -lcuib-rasi="r:>f/" .mt"o(>ui Ciisuan-t gff mdcsiai6aew-eabiu/herf=<-fehrdnuli=/odt2h eon5sms"o>1oneaa/hacpchueibtcjioa]nt8wnc/fSe"/ulc5alh1goa>e tfrnlfsc ct0a.n.cdRagsrf-ietcdntt.-t> m

b; &nps

nmwcl/totrdjhit >t4stl"/use.cyaenstt s=m T r-s6]ap-woexr>r[eet/u -/hci5rrpt-Trh:i c-t"-n"ys"e t5at orsh s"oet>cdni"ferpH< tworgne-eta"r tto as u=ss/nn.osbcing htparentHv0=soprtr1mwgmdt/o:eyg8o/m/y.ersiCDudsis> rt-ep- Dmsp2h2wlpi3o mdodp5p5. ie"etehisgilt-4arli l02n=-ia2t/.="/ehog p fia=pnvn6mipcdi -ahl/molphgit o<" /n6f-setscroe=0wtubik.po.nnc"s: la2rd5lmsuaiiee"Oa padt2hsPe -ob/mlu/""ihd/r1tar4ts "a3eoci:cotspim2i"c s/pp_"reltiluwcttteoal"nwgiix1pc6upc a4s.stjlilh8ltceyi=wh"fgsaspsa:e jpos

n bsp&;

c"=osao./h 1f4 >i r>Osr l=l sas/="/inptpft_=aemo= phlt"re<.-gccnel5ntt_=f:ffbtiads"nr5n-y"cpnr"iao.n0e>Cdtptan8]2law9s s-s/rlnhwa.agis"2ohibatcP]-r o2jatoowteaP(agojr-tliatc"saee 5nekttuswrs"a =s1e6spedgaf 0di"r4tlye isp/" wt t oas/c cs/"asstwkalsh-a2 glti-paox1sr6ers/e sgamidiict"s"iahtnr Tpfce6otmpe "e>s/tdpa[ai m[/nsscycetiasp>l"io hltPow =pcE=8 ftp0.niooonnesae/t2/-aow npilc-nicr/-iecct nmpstn R:)m =d-res s niysra"e"adrth/"rr"/ rntal"gs<:l nlwr5b.c

s& ;npb

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

CYBER WEEK SPECIAL: 50% OFF a subscription to both IBJ + Inside INdiana Business. GET DEAL

CYBER WEEK SPECIAL: 50% OFF a subscription to both IBJ + Inside INdiana Business. GET DEAL

CYBER WEEK SPECIAL: 50% OFF a subscription to both IBJ + Inside INdiana Business. GET DEAL

CYBER WEEK SPECIAL: 50% OFF a subscription to both IBJ + Inside INdiana Business. GET DEAL

CYBER WEEK SPECIAL
TAKE 50% OFF

a subscription to both IBJ + Inside INdiana Business.
Expires December 5, 2025 at midnight.

new subscribers only

GET DEAL

Already a paid subscriber? Log In

GET DEAL

CYBER WEEK SPECIAL

a subscription to both IBJ + Inside INdiana Business.
Expires December 5, 2025 at midnight.

new subscribers only

Already a paid subscriber? Log In

CYBER WEEK SPECIAL
TAKE 50% OFF

a subscription to both IBJ + Inside INdiana Business.
Expires December 5, 2025 at midnight.

new subscribers only

GET DEAL

Already a paid subscriber? Log In

GET DEAL

CYBER WEEK SPECIAL

a subscription to both IBJ + Inside INdiana Business.
Expires December 5, 2025 at midnight.

new subscribers only

Already a paid subscriber? Log In