Trump’s tariffs: How manufacturers can prepare

  • 2024-11-13
  • Posted by: allen.yi
  • Categories: Economics, Supply Chain
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A group of factory workers wearing hairnets, gloves, and protective uniforms work on an assembly line, carefully inspecting and assembling components.
A group of factory workers wearing hairnets, gloves, and protective uniforms work on an assembly line, carefully inspecting and assembling components.
Manufacturing workers focus on assembly line tasks, showcasing precision and teamwork in industrial production.

Manufacturers are preparing for potential tariff hikes under President-elect Donald Trump by evaluating supply chain vulnerabilities. Short-term strategies like frontloading imports can mitigate immediate costs, but experts recommend long-term diversification to reduce dependency on single-source countries like China.

Source: Trump’s tariffs: How manufacturers can prepare