When it comes to trade policy, the second Trump presidency is promising to be even more contentious as the first. President-elect Trump did not hide his cards during the campaign when he boasted about imposing steep tariffs against China, and then upped his hand by proposing a blanket tariff for all U.S. imports. In fact, two months ago, Trump referred to tariffs as “the most beautiful word.” Some argue that the president will be using these proposed tariffs as bargaining chips, but there comes a point that U.S. trading partners, friendly or unfriendly, might start looking at alternative, more reliable partners in a world where supply chains play a critical role. The latest trade mo
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