President-elect Donald Trump has promised steep across-the-board tariffs on imports to the United States, with a particularly significant tax on goods coming from China. One US company, just two days after Trump’s reelection,

Shoe brand Steve Madden will be cutting the goods that it imports from China by as much as 45% next year as it prepares for President-elect Donald Trump’s pledge to slap steep and sweeping tariffs on imports from other countries.

Luckily for the shoe industry, many companies have already diversified their sourcing away from vulnerable regions like China.

Steve Madden, the well-known American shoe and fashion brand, has announced plans to reduce its reliance on Chinese manufacturing. The decision follows the

Read about how companies are preparing for possible tariff hikes, along with other market news and economic updates.

Companies are already scrambling to avoid potential tariffs. Here’s how they could play out in Donald Trump’s second term.

Companies are filling their warehouses or looking into moving factories as they weigh President-elect Donald J. Trump’s threats to impose tariffs on foreign goods.