Blanket tariffs were a cutting-edge economic tool in the 17th century. Then, in 1776, Adam Smith published “On the Wealth of Nations.” He made it clear that tariffs drive up prices at home while making it harder to sell abroad.
My inbox is filled with emails telling me how marketing can make up for tariff-driven revenue loss. Please, stop. You’re making yourself look silly. Marketing cannot do this. Saying it can is setting yourself up for failure. If tariff-driven inflation starts, companies will fight to keep customer loss as small as possible.
Hopefully, the economic seas will calm before this happens.
In more immediate news, today we have Sean Nowlin explaining how to assess CTV’s significant impact on other ad channels. Also, a look at the difference between how marketers and consumers feel about AI.
Finally, a week from today will be day two of the MarTech Conference. That’s the day Chris Penn and I get to answer your questions about AI. Not only will it be informative, it will also be fun. I promise. In case you’ve forgotten, the MarTech Conference is our free, online confab about how to do better marketing. See the agenda here and get your free pass.
Constantine von Hoffman
Managing Editor
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