Executives Report Calmer Tariff Outlook Amid Lower Rates
Executives are less worried about tariffs as effective rates have fallen well below earlier headline figures. New trade deals, legal challenges, exemptions, and supply-chain adjustments have eased the pressure, while Trump has begun rolling back tariffs on key food and agricultural imports. Firms are passing fewer costs to consumers and absorbing more due to strong margins.
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As the crucial annual holiday shopping season kicks off, getting rid of the "de minimis" exemption has put a crimp on small businesses and shoppers now facing higher costs.
