Preparing for Uncertainty
U.S. manufacturers brace for the impacts of potential high tariffs
By Deborah A. Yonick
At the time of writing, the market was bracing for potential high tariffs levied on U.S. imports. President-elect Donald Trump proposed tariffs ranging from 10 to 20 percent on all imports to the United States, with additional tariffs of 25 percent on products from Mexico and Canada, 60 percent on imports from China, and 100 percent on goods from the BRICS coalition of countries, which includes Brazil, Russia, India, and South Africa.