President-elect Donald Trump’s vow to impose sweeping new tariffs has sparked anxiety across U.S. industries, from retail to manufacturing. Before the potential policy shift, companies are rushing to import goods, and logistics firms reported a surge in “front-loading” orders, CNBC reported Wednesday.
Trump’s promise to implement across-the-board import tariffs has sent shockwaves through the U.S. supply chain. In his victory speech Wednesday morning, Trump reaffirmed his commitment, stating, “promises made, promises kept.”
The anticipated tariffs, which range from 10% to 20% on all imports and as high as 100% on Chinese goods, are driving an urgent wave of import orders among U.S. retailers and manufacturers seeking to offset the anticipated cost hikes.
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