April 1, 2025
Fox News Baltimore recently published an article featuring Joseph LiPuma, Philip Van Horn Gerdine Clinical Associate Professor in Global Business, Strategy and Innovation, discussing how businesses and global leaders are bracing for uncertainty as President Trump prepares to unveil a sweeping set of reciprocal tariffs, with few details on which countries and industries will be affected.
Businesses face supply chain disruptions and investment delays as uncertainty over tariffs grows. While Trump insists some, like the 25% auto tariff, will be permanent, he suggests “flexibility.” Wall Street has reacted poorly, with the S&P 500 seeing its worst monthly loss since 2022. The administration has already imposed major tariffs, including 20% on Chinese goods, with more possible on lumber and chips.
“There’s a lot of a lot of energy and cost going into reconfiguring the supply chain to work around tariffs, so it just adds so much inefficiency into the process, increases search costs, increases transportation costs, increases negotiation costs, increases contract costs. The tariff itself is the tip of the iceberg,” LiPuma adds.
As uncertainty looms, businesses are struggling to adjust, fearing long-term disruptions to global trade.
