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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]
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]
#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’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
