On Tariffs And Supplier Relationships
In light of the cost increases due to the tariffs implemented by the Trump administration on imports, is this a time to get tough with your suppliers and demand they cut their prices or collaborate with them to see how you can weather this storm successfully together?
An article by Mike Colias and Ryan Felton in this weekend’s Wall Street Journal (“The Peril of Trump’s Tariffs for America’s Auto Titans”) provides some insights into which path General Motors (GM) is taking. Here’s the excerpt that caught my attention:
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