Tariffs and trade: Preparing for the unpredictable
The McKinsey Podcast
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Navigating Tariffs and Trade Dynamics
This chapter explores the fluctuating landscape of tariffs and trade, particularly focusing on the impacts of U.S.-China tariff policies on manufacturing and imports. It emphasizes the need for businesses to adopt scenario planning amidst uncertainties and to assess the influence of tariffs on their operations and competitive strategy. Furthermore, the discussion offers a proactive three-pronged approach for companies to mitigate risks and prepare for evolving trade conditions.
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