One CEO’s Impossible Mission to Stay Ahead of Trump’s Tariffs

One CEO’s Impossible Mission to Stay Ahead of Trump’s Tariffs

The tiny Wisconsin institution has raised prices doubly this twelvemonth connected immoderate products. Tormach besides asked a landlord to change a lease. Then it told unit of astir 100 employees that it was reducing 401(k) matches and eliminating immoderate bonuses.

Tormach had thought it was prepared for a infinitesimal similar this. The institution tried to get up of a imaginable commercialized warfare by shifting accumulation from China to Mexico, wherever it bought a mill successful 2023. In August, it boosted its stockpile of Chinese-made goods by 20% to blunt the anticipation of caller China tariffs, squeezing its currency flow. It sped up plans to triple accumulation successful Mexico.