'Plan B' for the U.S.-China Trade War? Leave China.

The video discusses the impact of tariffs on companies like Caterpillar, which faces increased costs due to steel and aluminum tariffs. Caterpillar plans to pass these costs to consumers by raising prices. The trade war between the US and China is causing market concerns, with companies like Lennox, Phillips, and Skechers considering relocating supply chains to mitigate long-term tariff impacts. The video highlights the broader economic slowdown and companies' strategic responses to ongoing trade tensions.

What strategy is Caterpillar using to handle the increased costs from tariffs?

• Laying off workers

• Reducing production

• Raising prices by up to 4%

• Absorbing the costs internally

What is the expected outcome of the meeting between President Trump and President Xi Jinping at the G20 summit?

• A new trade agreement

• Immediate removal of tariffs

• Continuation of trade tensions

• A major breakthrough in trade negotiations

How is Lennox planning to mitigate the impact of tariffs?

• Increasing prices

• Moving supply chains to Southeast Asia

• Cutting down on production

• Focusing on domestic sales

What percentage of Skechers' revenue comes from outside North America?

• 50%

• 60%

• 30%

• 40%

What is a common strategy among companies like Phillips to handle trade tensions?

• Expanding into new markets

• Reducing workforce

• Rearranging supply chains

• Increasing local production