Following his 2024 presidential election win, Donald Trump is set to implement significant tariffs, including 25% on goods from Mexico and Canada and 10% on Chinese products. This mirrors his previous term’s aggressive tariff policies. In anticipation, manufacturers and retailers are preparing their supply chains, primarily by frontloading inventory, though experts warn this is a temporary fix. Companies are diversifying their sourcing away from China, focusing on regions like Southeast Asia and Mexico, while exploring domestic production to mitigate the impact of new tariffs. Effective preparation involves mapping supply chains and strengthening supplier relationships.

Source: https://www.supplychaindive.com/news/trump-tariff-preparation-guide-retail-manufacturing/735822/