What You Need to Know About New Tariffs
Global trade is shifting—are you prepared? Recent executive orders are impacting tariffs, exemptions, and key supply chain strategies.
✅ Tariff Changes affecting imports from Canada, Mexico, and China
✅ The End of the Section 321 Loophole and what it means for small-package imports
✅ Economic and Market Implications, including inflation and currency volatility
✅ Strategic Business Moves to navigate these shifts and protect your margins
Stay ahead of policy changes and ensure your business is prepared.
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What We’re Reading
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Inside the Chaotic Run-Up to Trump’s Tariff U-Turn: In the 48 hours leading up to President Trump’s unexpected reversal on imposing tariffs, markets and businesses worldwide were left in a state of confusion and uncertainty. The abrupt policy changes underscored the unpredictable nature of the administration’s trade strategy, leaving stakeholders scrambling to adapt. (WSJ)
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How U.S.-China Tariffs Will Work—and What’s in Store for Mexico and Canada: President Trump’s recent imposition of 25% tariffs on imports from Canada and Mexico, along with 10% tariffs on Chinese goods, is expected to raise prices on a variety of consumer products, including cherry tomatoes, avocados, Tonka trucks, maple syrup, tequila, smartphones, and sledgehammers. These measures have prompted Canada and Mexico to announce retaliatory tariffs targeting U.S. goods, potentially escalating the trade conflict and further impacting consumers and businesses across North America. (WSJ)
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China Has Gotten Off Lightly on Tariffs—for Now: The U.S. has increased tariffs on Chinese imports by 10%, signaling the start of a broader trade confrontation while keeping steeper hikes in reserve. China has responded cautiously, pursuing WTO challenges instead of immediate retaliation, but tensions remain high with potential for further escalation. (WSJ)
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See How Russia Is Winning the Race to Dominate the Arctic: Russia and China are increasing their military activities in the Arctic, with Russian nuclear submarines conducting cruise missile exercises near NATO countries such as Norway, Finland, and Sweden. These actions have heightened concerns within NATO regarding security and strategic stability in the region. (WSJ)
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Business Worth Buying
We just released an insightful episode of “Build a Business Worth Buying” with special guest Stephen Miller, General Manager of Sourcify, and our host Aaron Alpeter. Dive into the complexities of sourcing and manufacturing in today’s fluctuating markets and gear up your business for success!
Key Takeaways:
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Strategic Sourcing: Learn why diversifying manufacturing locations beyond China is critical in the face of tariffs and geopolitical shifts. Stephen explains the “China plus one” strategy and how it mitigates risks.
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Building Strong Partnerships: Discover how emphasizing relationships with manufacturers can lead to better long-term outcomes. Aaron and Stephen highlight why reliable and flexible suppliers are key to navigating uncertainties.
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Compliance and Nearshoring: Understand the importance of maintaining up-to-date audits and compliance standards to appeal to acquirers. Nearshoring options like Mexico can reduce turnaround times and supply chain disruptions.
Head over to your favorite podcast platform, subscribe to Build a Business Worth Buying, and start listening today!
