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. 

Courtenay Verret, VP, Thought Leadership on our Global Thought Leadership & Content team, talks with Yale economists Martha Gimbel and Ernie Tedeschi and NIQ’s Steve Zurek about the ever-evolving customs landscape.

As new tariffs and trade restrictions are introduced, executives must evaluate all potential scenarios to enable their companies to both minimize risks and take advantage of new opportunities. Whether this takes the form of global supplier diversification, inventory management and/or price adjustments, executives in all industries must be prepared for changes that would redefine the competitive landscape for decades to come.

It’s important to stay informed (and be flexible) as the new policy environment takes shape in the coming months.


Authors

Martha Gimbel is executive director of The Budget Lab at Yale.

Ernie Tedeschi is director of economics at The Budget Lab at Yale.