Trump's Proposed Tariffs Could Reshape U.S. Economy and Global Trade

President-elect Donald Trump plans sweeping tariffs that economists warn may raise costs for consumers and businesses while shifting global manufacturing dynamics.

Trump has proposed tariffs of 10% to 20% on all imports and 60% on Chinese goods, which could significantly impact consumer prices and inflation.
Retailers like Walmart and manufacturers such as Stanley Black & Decker have indicated that these tariffs would likely lead to price increases for U.S. consumers.
Economists estimate these tariffs could cost U.S. households over $2,600 annually and increase inflation by up to 0.4 percentage points.
Businesses and governments are better prepared for potential trade disruptions, with companies diversifying supply chains and stockpiling goods in anticipation of new tariffs.
Vietnam is positioned to benefit as manufacturers increasingly relocate from China, leveraging its trade agreements and strategic location.