Attention Economy


Friday, November 8, 2024

Import Surge

With Trump Tariffs Looming, Businesses Try to ‘Run From a Moving Target’
https://www.nytimes.com/2024/11/08/us/politics/trump-tariffs-china.html
Companies are filling their warehouses or looking into moving factories as they weigh President-elect Donald J. Trump’s threats to impose tariffs on foreign goods. 

China's exports soar past forecast as factories front-run Trump tariff threat

Steven Madden C.E.O. Says It Is Moving Production Out of China
https://www.nytimes.com/2024/11/08/business/steve-madden-ceo-china.html
As a result, higher tariffs will not necessarily mean that companies will move production to the United States.
“Companies will be forced to move,” Mr. Hoffman said, “not back to the U.S., but to countries that are best connected with the China-based suppliers.”