Global supply chain starts planning for a Trump win, new China tariffs

President Donald Trump speaks before signing the United States – Mexico -Canada Trade Agreement, known as USMCA, during a ceremony on the South Lawn of the White House in Washington, DC, January 29, 2020. The Trump administration used delegated authorities under three trade laws to unilaterally levy tariffs without Congressional approval. The current range of the tariffs on a wide variety of U.S. imports today is between 10% and 25%. In a CNBC “Squawk Box” appearance on Monday morning, Trump escalated his trade war rhetoric, saying “I’m a big believer in tariffs,” and indicated that he’s likely to implement more…