02
Apr
By Joe Brusuelas, Chief Economist, RSM and Jason Alexander, Industrials Leader, RSM
Key takeaways
American firms are already preparing for higher tariffs on goods made in China.
One strategy is to pull forward purchases before any tariffs are imposed.
Firms also need to rethink their supply chains, and consider bringing them closer to home.
With higher tariffs likely under the incoming Trump administration, businesses are already making decisions in a way that will affect economic growth and reshape the global economy.
We are already...