New York Times: “The election of Mr. Trump is already cascading through global supply chains, where companies are grappling with his promises to remake international trade by raising the tariffs the United States puts on foreign products.”
“Mr. Trump has floated a variety of plans — including a 10 to 20 percent tax on most foreign products, and a 60 percent tariff on goods from China — that would raise the surcharge American importers pay to a level not seen in generations.”
“Much remains unclear about his proposals, including which countries other than China would face tariffs, what products might be excluded and when they would take effect. But given Mr. Trump’s history of imposing taxes and the challenges those pose to global businesses that depend on moving products across borders, many executives are not waiting to see what he does.”
