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How Marketers Are Bracing for Trump's Tariffs

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
President Donald Trump's stiff 25% import tariffs imposed on Canada and Mexico over the weekend-plus a 10% tariff on Chinese goods-has already triggered counter-tariffs, trade wars, and threats of legal cases.
The article from MSN discusses how marketers are preparing for potential new tariffs proposed by former President Donald Trump, should he return to office. Trump has suggested implementing a 10% tariff on all imports and a 60% tariff on Chinese goods, aiming to reduce the trade deficit and fund tax cuts. Marketers are concerned about the implications of these tariffs, which could lead to higher costs for goods, supply chain disruptions, and increased prices for consumers. Companies are already strategizing on how to mitigate these impacts by diversifying supply chains, renegotiating contracts, and exploring domestic sourcing options. There's also a focus on understanding the political landscape and preparing for various scenarios, including potential trade wars and shifts in consumer behavior due to economic changes.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/how-marketers-are-bracing-for-trump-s-tariffs/ar-AA1ylszj ]