Tariffs proposed by Trump could significantly escalate costs for consumers and stir inflation, despite claims they would protect U.S. businesses and create jobs.
Donald Allen of Stanley Black & Decker doubts tariffs will bring manufacturing back to the U.S., stressing it's 'not cost-effective' and prompting plans to relocate production.
Automakers, including the 'Big Three' and Toyota, face dual pressures from potential tariffs on Asian products and Mexico, complicating their manufacturing strategies.
Apple CEO Tim Cook avoided directly addressing tariffs' impact, illustrating the uncertainty retailers face as they assess upcoming policy changes under Trump.
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