Trump’s Trade Agenda Could Benefit Friends and Punish Rivals

Published On Nov 23, 2024, 5:00 AM

Donald Trump, as President-elect, is looking to impose new tariffs on various products similar to those implemented during his first term. Companies are actively seeking exemptions from these tariffs, which could significantly impact their cost structures and competitiveness. The push for exemptions is leading to increased lobbying in Washington, with many businesses hiring legal firms to represent them. The previous tariffs had a substantial reach, targeting over $300 billion in Chinese goods and imposing hefty duties on steel and aluminum from multiple countries, which sparked a wave of exemption requests from affected companies.