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#US businesses are stock piling & predicting increases to #consumer #prices in preparation for #Trump’s #tariffs.

Trump’s election is already cascading through global #SupplyChains, where companies are grappling w/his vision for international #trade & huge tariffs on foreign products. Trump has floated a 10-20% #tax on most foreign products, & a 60% #tariff on goods from China—that would raise the surcharge American importers pay to a level not seen in generations.

https://www.nytimes.com/2024/11/08/us/politics/trump-tariffs-china.html?smid=nytcore-ios-share&referringSource=articleShare
#trump #tax #us #trade #prices #tariffs #consumer #supplychains #tariff
Nonilex
Edward R. Rosenfeld, the chief exec of footwear brand Steve Madden, said that his company currently sourced >70% of its products from #China but had “been planning for a potential scenario in which we would have to move #goods out of China more quickly."

“As of yesterday morning, we are putting that plan into motion,” he said. Steve Madden had been making more shoes in #Cambodia, #Vietnam, #Mexico & #Brazil & its goal over the next year was to reduce its sourcing from China to only 40-45%.

#US
#us #china #Brazil #Mexico #vietnam #cambodia #goods
Nonilex
John Donigian, the senior director of #SupplyChain strategy at Moody’s, said the #tariffs could lead to higher #costs, potential #delays & pressure for #businesses to shift production closer to North America or into the #UnitedStates.

All industries would face unique challenges, he said. For #electronics, moving #production could be #slow & #costly. For #retail & #consumer #goods that try to keep costs low, inventories could fall & consumer #prices rise.

[so less stuff that’s more expensive]
#prices #tariffs #electronics #unitedstates #production #consumer #businesses #supplychain #goods #costs #delays #slow #costly #retail
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