From CNBC: 2025-06-12 11:32:00

The Port of Los Angeles serves as a backdrop for ongoing trade negotiations, with retail executives expressing optimism in the wake of shifting trade policies and court challenges. A survey from AlixPartners reveals expectations that President Trump will reduce or eliminate reciprocal tariffs on certain countries after a 90-day pause in July. Most respondents anticipate a 10% duty on imports from various countries, including Vietnam, to remain in effect. Negotiations with Vietnam are closely monitored as it becomes a new manufacturing hub for retailers outside of China. Despite initial fears of higher tariffs, recent developments signal a potential resolution, such as negotiations between the U.S. and China and a preliminary trade deal with China maintaining a 30% tariff on imports. The “TACO trade” critique suggests a pattern of Trump announcing high tariffs before retracting or reducing them due to market reactions. Retailers are cautiously optimistic about tariff outcomes outside of China, with preparations for potential scenarios in place.



Read more at CNBC: Retail executives expect Trump to drop tariffs