Proactive Steps to Guide You Through the Trade Wars
The Trade Wars have been on everyone’s mind ever since President Trump said that a 10% tariff on $300 billion worth of goods would go into effect on Sept 1. The constant discussion of tariffs, changing trade policy and an overall environment of uncertainty are leading many companies to take a “wait and see” approach to investment and expansion. Uncertainty over tariff amounts, origin, timing and related retaliation persists. As a result, many companies are hesitant to commit to large investments or expansion plans unless they can be certain they’ll see a long-term payoff. Whether these companies need to change their supply chain strategy, find alternative sourcing or re-source materials, they don’t feel confident implementing these initiatives without more evidence of stability in trade policy.