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.
In this forward-looking report, Yale economists Martha Gimbel and Ernie Tedeschi address these key questions:
- What could potentially influence tariff policy?
- Which product categories will be affected?
- How can business leaders hedge their bets?
- Who is positioned to succeed in the face of new tariffs?
- What are the potential business implications of new tariffs?
- Which product categories will be affected?
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Also coming soon: a video conversation with the economists about key tariff scenarios, market volatility, potential supply chain risks, and more.
Authors
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Martha Gimbel is Executive Director at The Budget Lab at Yale.
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Ernie Tedeschi is Director of Economics at The Budget Lab at Yale.
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Looking for more economist insights?
Check out Tedeschi’s analysis of shifting consumer mindsets and commentary on the potential economic impact of the 2024 U.S. presidential race.