House Republicans met at Fort McNair on January 4 and discussed their plans for a massive reconciliation bill. This will include tariffs.
Business leaders — you must understand the impact tariffs will have and adapt accordingly.
When they go into effect, consumers will see price increases for a year. Do not be deterred by this short-term effect, it is merely a bargaining tool with China. 60% tariffs on China will cut their exports by 6.5%. This will be devastating to the Chinese economy.
The goal of President Trump’s tariffs is to bring America’s trade deficit close to zero. This will represent a massive rebalancing of the global economy.
Preparation is the best tool in your toolbox for the next year.
