Following Donald Trump’s re-election, discussions around tariffs have intensified, with Trump proposing to increase tariffs on imports to 10%-20% and over 60% on goods from China. A National Retail Federation study warned that such tariffs could reduce U.S. consumer spending by $46-$78 billion annually, significantly raising prices on everyday items. While some manufacturers may benefit, the overall impact would burden consumers with higher costs, particularly affecting lower-income individuals. Experts emphasize that tariffs are ultimately a tax on U.S. consumers, and many companies will continue to source goods globally despite these proposed changes.

Source: https://www.logisticsmgmt.com/article/tariffs_are_top_of_mind_for_supply_chain_stakeholders_following_trumps_re_election/