Wisconsin manufacturers are bracing for the impacts of tariffs and trade wars in the next Donald Trump presidency, although some companies may get a break from foreign competition.
Tariffs, fees levied on imports, make it more expensive for U.S. manufacturers to produce goods using raw materials and components from outside the United States. Also, when other countries retaliate with their own trade sanctions, it hurts sales of American products in those markets.
President-elect Trump has said he would sign an executive order introducing a 25% tariff on all goods coming from Mexico and Canada. At times he's also suggested tariffs of up to 100% on China.
