Report

Time for tariffs and trade restrictions: What to know 

Report

Time for tariffs and trade restrictions: What to know 


  • One of the most awaited policy changes of the new U.S. presidential administration has arrived: the implementation of new tariffs and potential trade restrictions. From the optimization of supply chains to anticipatory purchasing, many manufacturers and retailers have already been preparing for significant shifts in trade dynamics, global costs, and procurement strategies. 
  • What impacts can we expect from new trade policies? Although the specifics remain uncertain, past data and trends can provide valuable reference points for potential outcomes. 

As new tariff and trade restriction policies unfold, business leaders are tasked with evaluating all potential scenarios that could help position their organizations to both mitigate risks and capitalize on new opportunities. Whether this takes the shape of global supplier diversification, inventory management, and/or pricing adjustments, executives across industries must be prepared for changes that would redefine competitive landscapes for decades.

Staying informed (and agile) is key as new policy frameworks take shape in the months to come.


Authors

Martha Gimbel is Executive Director at The Budget Lab at Yale.

Ernie Tedeschi is Director of Economics at The Budget Lab at Yale.