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]

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