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Look to see more tariffs against China and other countries, Schultz said.
But Louis Balla, a partner atNuage, said more tariffs doesnt necessarily read all bad for consumers.
Prices of Technology Could Shift
Vance has been a very vocal critic of technology companies.
He was one of the politicians who supported President Bidens measure to give high-speed internet subsidies to low-income households.
Not every businessperson is comforted by Vances stance with technology.
This could reduce business tech budgets, hurting software companies and partners.
These higher costs may be passed to consumers through higher prices.
However, if policies boost domestic manufacturing, they could increase jobs and consumer purchasing power.
Its hard to foresee the net effect.
Rob Macoviak is the president ofOyer, Macoviak and Associates.
He worried about what Vances policies might mean for his insurance customer base.
Our clients range from individuals to large employers across industries.
Policies incentivizing lower costs at the expense of comprehensive care may seem appealing but often lack substance.
He wants to limit access to abortion and gender-affirming care.
He also does not support access to federal health programs to Dreamer immigrants.
Here in Florida, the economy depends heavily on small businesses and tourism, Macoviak said.
Healthcare policies disruptingcoverage and increasing uncertaintycould significantly impact these industries, trickling down to workers and families.
The truth is a lot is hard to predict without seeing Vance in action.
Overall its hard to predict how Vances influence may trickle down to wallets, Balla said.
A mix ofpro-worker and protectionist policiescould either boost or hinder growth, depending on execution and economic conditions.
The policies that seem appealing in campaigns often change once in power.
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