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How US businesses are buying more to prepare for looming Trump tariffs

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FILE Ñ A cargo ship in Savannah, Ga., in October 2024. President-elect Donald Trump has professed a belief in the power of tariffs for decades Ñ now, as he prepares to take office, they are a central part of his economic plan. (Adam Kuehl/The New York Times)

Donald Trump has floated a variety of plans that would raise the surcharge US importers pay to a level not seen in generations.

PHOTO: NYTIMES

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WASHINGTON – Mr Rick Muskat woke up the morning after the US presidential election with an urgent task. He got his agent in China on the phone at 4.30am Beijing time and pressed him to ask their factory how many more pairs of men’s dress shoes they could make before Chinese New Year, at the end of January.

“I told them if they could make an additional 30,000 pairs, we would take that,” Mr Muskat, the co-owner of a shoe company called Deer Stags, said.

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