Tariff uncertainty and changes in import levies commonly cause businesses to adjust pricing strategies, reduce costs (including layoffs), re-evaluate supply chains, and explore alternative manufacturing locations.
high
economic
Businesses respond to changes in trade policy and import costs by altering operations, sourcing, and pricing decisions.
Rapid or large changes in tariff rates can cause importers and manufacturers to change sourcing and production locations, accelerate shipments to meet customs or tariff deadlines, and incur additional logistics and compliance costs.
high
economic
General business response to volatile trade policy