I think the issue will be parts for the equipment that produces these products. People seem to be assuming the tariffs will last a short time period, hopefully correctly. If they do not some of these places will likely not be able to continue as equipment reaches the end of its useful life. In the meantime almost all consumables and parts are imported: from vet clinics to farriers to feed mills and those will go up right away.
I am already seeing tons of ads for horses with terms like fire sale and owners circumstances have changed and must move this month. And those are people with enough money to own a fairly nice horse. I worry about the number or horses that will be neglected or abandoned and I worry about losing our industry as vets, trainers and most of all assistants that are already hanging on by a thread or are older just sell out and quit.