Global companies brace for impact from Trump's proposed tariffs on imports

President-elect Donald Trump has announced plans for tariffs on imports from Canada, Mexico, and China, which could impact major global companies. This marks a shift from previous trade policies and raises concerns about potential trade wars. Automakers like Honda, Nissan, and Volkswagen, which have significant production in Mexico, may face challenges if tariffs are implemented. Companies such as Procter & Gamble and Unilever also rely on Mexican imports, with a notable portion of their shipments coming from the country. In addition, tech companies like Foxconn and Lenovo, along with various Chinese automakers, have established operations in Mexico. They are now assessing how these tariffs might affect their production and supply chains.