"The tariff thing you got to play almost day by day. Even talking to our suppliers, if I asked them for any prediction, they have no idea. While eliminating tariffs entirely would have provided some relief for low-margin businesses like Leonard's, Trump immediately vowed to impose similar costs under a different legal framework."
"We're back to this very elevated level of uncertainty, and that is going to again create questions for firms. Do they move ahead with courses of action, or do they pause? The new 10% base rate tariff represents a modest reduction in costs for some products, especially those from China, India, and Brazil, but the 15% rate could end up being more expensive than some previously negotiated trade deals."
The Supreme Court invalidated a major Trump tariff policy, but the administration quickly implemented replacement tariffs under a different legal framework. A new 10% base rate tariff took effect, with potential increases to 15% under consideration. While some importers may see modest cost reductions for products from China, India, and Brazil, businesses remain in wait-and-see mode due to ongoing uncertainty. Retailers like Stew Leonard's, which rely on international suppliers for products such as New Zealand lamb and European wines, face continued pressure. Supply chain experts note the elevated uncertainty prevents companies from making confident business decisions, and additional federal investigations into other tariff frameworks could result in even higher fees for items containing aluminum, steel, and other materials.
Read at Business Insider
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