President Donald Trump has introduced a new round of tariffs set to take effect this Tuesday, March 4. This includes 25% levies on Canada and Mexico imports, with an additional 10% on Chinese goods. KPMG Leader of US and Global Trade & Customs Practices Andrew Siciliano joins to discuss this evolving trade strategy.
Siciliano characterizes tariffs as a "significant concern," adding that "tariff uncertainty is the new normal right now." He notes that corporations and investors are struggling to prepare for long-term goals and operations because the short-term trade policy landscape remains unclear, "so we're at a point where it's the calm before the storm."
"Tariff policy is changing overnight, but supply chains don't," he tells Yahoo Finance, adding, "it's a lot of wait and see."
Regarding companies best positioned to navigate tariff uncertainty, Siciliano points to those with robust data capabilities, diversified supply chains, accurate valuation assessments, and tariff optimization programs that "could really mitigate the tariff."
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This post was written by Angel Smith