Businesses large and small are preparing to make their final decisions as they position themselves for President-elect Donald Trump’s proposed tariff plans.
Trump and his transition team have not made official trade policy announcements. For now, companies have what the Republican president-elect outlined on the 2024 campaign trail: a 10-20 percent across-the-board tariff on all goods entering the United States and a 60-100 percent levy on all Chinese imports.
“We’re going to have 10 to 20 percent tariffs on foreign countries that have been ripping us off for years,” Trump said at a campaign event in August. “We’re going to charge them 10 to 20 percent to come in and take advantage of our country because that’s what they’ve been doing for nothing, to take our jobs.”…