BONUS EPISODE: Trump Hits Canada, Mexico, and China with Tariffs
In this bonus episode, we examine the recent escalation of tariffs imposed by the US on international trade partners, including Canada, Mexico, and notably China. We explore the implications of the increased tariffs, with specific focus on the extra 10% levy placed on various product categories from China. The discussion addresses the complexities importers face, such as the tariffs on components which affect the overall production costs and strategies they might adopt to cope with these changes. We also discuss China's response to the US tariffs, including reciprocal tariffs on US goods and actions against American companies operating within China, and the strategic moves from countries like Canada and Mexico, who seem to have reached temporary agreements to pause tariffs while bolstering border security and anti-trafficking measures. Get in touch with us Connect with us on LinkedIn Contact us via Sofeast's contact page Subscribe to our YouTube channel Contact us on X @sofeast Prefer Facebook? Check us out on FB