U.S. Suppliers and Importers Brace for Proposed Trump Tariffs

Some U.S. businesses are activating plans to protect their businesses from President-elect Donald Trump’s promise to slap new and potentially hefty tariffs on a wide swath of goods from countries including China and Mexico – the top U.S. trading partners.

Trump proposed a 10% tariff on all U.S. imports and a 60% levy on Chinese-made products, which if enacted would affect the entire economy by pushing consumer prices higher and stoking retaliatory levies on American exports. Trump also threatened to impose a 25% tariff on all imports from Mexico.

Read more at Reuters.