The Return of Tariff Man: Businesses Prepare for Trump’s Import Taxes
- On his first day in office, President-elect Donald Trump has said he plans to impose 25% tariffs on Mexico and Canada, as well as an additional 10% tariff (“above any additional tariffs”) on China, for all imports into the United States.
- Occam is actively tracking business activity before President Trump takes office to understand how American industries are adapting to the incoming administration’s trade policies.
- Occam data reveals that nearly half of respondents importing goods from China, Mexico, or Canada have already begun increasing purchases in anticipation of the planned tariff hikes.
- Occam will continue to monitor consumer and business sentiment, along with purchasing behavior, as Trump’s economic strategy unfolds. Subscribe today for the latest insights on how American consumers and businesses plan to respond during Trump’s second presidency.
