How to Build a Strategy for Coming Trade Battles

As the Trump administration prepares to take power in Washington, businesses around the world need to ready themselves for U.S. actions that impose tariffs or other trade restrictions — and for the actions other countries might take in response. Donald Trump campaigned on a call for a general tariff of 10% to 20% on all imports — and 60% or more on goods imported from China. He has announced his intention to impose immediate 25% tariffs on Mexican and Canadian goods unless those countries take action on immigration, while adding an additional 10% to tariffs already extant in China.