Companies Ready Price Hikes To Offset Trump’s Tariffs
The Hill reports:
Trade and manufacturing experts say Trump’s tariff threats are already having an effect on global supply chains, with businesses making advanced purchases of imported goods and buying up extra warehouse space ahead of the election. Sébastien Breteau, CEO of supply chain compliance firm QIMA, said Chinese exports to North America are up 13 percent since the start of 2024 and were up 18 percent between July and September.
However disruptive Trump’s China tariffs could prove to be, Chinese retaliation could further amplify their economic effects. That retaliation could also have targeted political consequences, as Chinese agricultural tariffs aimed at particular subsectors during Trump’s trade war with China during his first term sought to undermine support from the Republican base.
The Washington Post reports:
Across the United States,
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