The targets, scope and duration of President-Elect Donald Trump’s tariff regime remain largely in flux as he prepares for his second inauguration Jan. 20. A new study by Endeavor Business Intelligence, shows that nearly half of business leaders have drawn up at least partial plans for dealing with tariff hikes—but also reveals that nearly one in four have yet to take any concrete action.
EBI’s report, “Business Implications of Tariff Changes,” surveyed business-to-business executives in the second half of December about their strategic response to higher tariffs and the potential cost implications they could bring. A notable takeaway: 71% said their most likely reaction to higher prices from tariffs will be to pass along increases to customers.
