US Election Business Outlook: Retail Executives See Significant Cause for Concern around Protectionism & Tariffs
The 2016 US Presidential election brings concerns about tariffs and protectionism. Both sides of the political aisle have shifted away from free-trade sentiment and the impact is expected to be significant. A survey of 250 US retail executives indicates retailers expect to be impacted by tariffs and protectionism but the impact will be negative for retailers, their suppliers and consumers.
- 44% of retailers expect higher cost of goods
- 22% expect higher risk of delays or disruptions
- 20% expect more red tape
- 17% expect challenges procuring materials and resources
Download the full report to find out the concerns and likely actions retail executives will take in the event of in-coming trade policies.