Tariff turnabouts send US corporate heads spinning

Guess?

05/12/2024 14:33

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are his own.)
    By Gabriel Rubin
       WASHINGTON, Dec 5 (Reuters Breakingviews) - Donald Trump
has threatened import levies ranging from 10% to 100% on Mexico,
China, South Africa and everywhere in between. Based on recent
earnings calls, CEOs see the president-elect’s gyrations as
negotiating tactics. They’ll nevertheless be forced to prepare
for the worst.

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    CONTEXT NEWS
    U.S. President-elect Donald Trump said on Nov. 25 that he
would impose large tariffs on Canada, Mexico and China, three of
the country’s top trade partners.
    Following a call with Mexican President Claudia Sheinbaum,
Trump suggested that his proposed 25% tariff on imports could be
rescinded in exchange for cooperation on migration issues.
Canadian Prime Minister Justin Trudeau flew to Trump’s club in
Florida on Nov. 30 to discuss trade and migration.

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Trump threatens North American trade growth    https://reut.rs/4ivokq6
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 (Editing by Jeffrey Goldfarb and Pranav Kiran)
 ((For previous columns by the author, Reuters customers can
click on  RUBIN/ 
gabriel.rubin@thomsonreuters.com))