'It's going to be hard': US firms race to get ahead of Trump tariffs

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'It's going to be hard': US firms race to get ahead of Trump tariffs - BBC Business

Quick Summary:

The US president-elect's import taxes may be just talk until he takes office - but they are having an impact anyway.

Her firm is one of the many thousands across the country preparing for the potential impact of Trump's promises to impose stiff new tariffs on all goods coming into the country.

Economists say the evidence from existing tariffs - which have been present for decades in sectors such as clothing and footwear - suggests that while they can protect some firms, the cost is high and they do little to boost overall employment, while raising prices for US companies and consumers.