The threat of Donald Trump’s tariffs has led to big business stockpiling goods and lobbying the White House while individuals have been buying up imported goods in advance.
From Nintendo to small businesses, firms that use products from abroad have seen their supply chains disrupted by the threat of tariffs on goods from various countries.
-Those countries and businesses that have been targeted have also been hit, particularly in countries with strong trade links to the US such as Mexico and Canada, while the gyrations of the Trump trade policy is also impacting stock markets.
In an effort to mitigate the damage, big businesses have been stockpiling goods while trade bodies and businesses have been lobbying the White House.
Meanwhile, individuals have been buying up goods such as olive oil ahead of the introduction of tariffs.
However, analysts warn that it is hard to control the effects of tariffs and price rises are hard to predict, while entire categories of goods, particularly from China, could disappear from the US.