3 Side Gigs That Could Struggle in a High-Tariff Economy
The world is bracing for a changing economy as many of President Trump’s new tariffs go into effect. Not only will these added costs on imports hurt Americans’ wallets, they could make earning money in the gig economy harder, too.
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Trump announced on Wednesday, July 16 that he would send a letter implementing tariffs on goods from 150 smaller countries. Tariffs with larger trade partners, including Mexico, the European Union and Canada would also go into effect on August 1. Tariffs already in effect include a 25% tariff on vehicle import and auto parts, a 30% tariff on many Chinese imports, and up to 50% on steel and aluminum, according to NewsNation.
These tariffs will affect prices on consumer goods, which, in turn, could hurt small businesses and gig workers. GOBankingRates spoke with Keith Spencer, career expert at Resume Now, to find out which gig workers could be hit hardest by tariffs in 2025.
Rideshare and Delivery Drivers
Drivers for companies like Uber and Lyft could feel the sting of tariffs on oil imports, motor vehicles and car parts, which would increase their business costs. “Fuel, tires and parts, many of which are imported, become more expensive,” Spencer said.
At the same time, demand might decrease. Faced with rising costs, people might forgo little luxuries like ordering DoorDash or having their groceries delivered via InstaCart.
“In a high-tariff economy, side gigs that rely heavily on consumer convenience tend to struggle first,” Spencer said. “When prices rise, people naturally start cutting back on discretionary spending. That often impacts gig workers who depend on steady, high-volume demand.”
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Task-Based Gigs and Home Help
People who have been making money doing random tasks around the home through services like TaskRabbit may struggle to find customers. People who assemble furniture, mount TVs or perform small contracting and handyman tasks around the home will likely feel the impact of tariffs. People may choose to complete these tasks on their own rather than hiring someone.
Plus, Spencer said, “If the price of imported goods like furniture or electronics increases, people may delay or avoid those purchases. That naturally reduces demand for anyone offering services to set them up. Even when demand is steady, the cost of tools and materials often rises, which means gig workers are spending more out of pocket just to do their jobs.”
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