As President-elect Donald Trump prepares to implement tariff increases, manufacturers are strategizing to cope with the potential impact on their supply chains. The proposed tariffs could raise production costs for goods reliant on foreign components and invite retaliatory tariffs from other countries, complicating exports. Economists advise companies to analyze their supply chains for vulnerabilities to tariffs and consider frontloading imports to mitigate costs. Diversifying supply chains beyond China and dual sourcing may also help companies navigate the anticipated challenges.

Source: https://www.supplychaindive.com/news/donald-trump-tariffs-prepare-manufacturers-supply-chains-china/732732/