Trump's Tariff Plans Stir Economic Concerns and Cross-Border Tensions
TL;DR Summary
American businesses are bracing for the impact of new tariffs under Donald Trump's administration by considering strategies such as hoarding goods, raising prices, and altering supply chains. Companies like Stanley Black & Decker are shifting their supply chains away from China, while others like Lowe's are relying on processes developed during Trump's first term when tariffs were imposed on $380 billion worth of imports.
- How painful will Trump’s tariffs be for American businesses? The Economist
- Trump's Truth Social tariffs pledge is a teachable Thanksgiving moment MSNBC
- Trump’s tariff threats create division between Canada and Mexico over security at borders The Associated Press
- Assessing Trump’s proposed 25% tariff on imports from Mexico and Canada Brookings Institution
- Donald Trump’s proposed tariffs could usher in higher prices on big-ticket items. Chicago shoppers aren’t worried yet. Chicago Tribune
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