In less than three weeks in office, President Donald Trump has threatened to impose tariffs on imported goods from Colombia, Canada, Mexico, China, the European Union, South Korea and other countries and economies. We explore the start-and-stop nature of Trump's tariffs and the ultimate goals behind his announcements.
We examine the impacts of Trump's trade policies on local economies and various industries, even as he never implemented some of his promised tariffs. We dig into how some businesses have responded and what we can learn from their revamped supply-chain strategies, including the new routes some shipments now take to the U.S., what technology they use and if they're creating commodities and jobs closer to home.
Finally, we examine the $54-billion "de minimis" trade loophole and how some companies used it to avoid tariffs and duties—no matter where the products came from. We also look into what happens now that Trump has closed the loophole and why it might severely impact some companies' business models, especially in e-commerce and direct-to-consumer industries.
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https://www.mothership.com/newsroom/trump-tariffs-canada-mexico-china-trade-strategy
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