Countries and businesses around the world will be watching to see just how quickly President-elect Donald Trump imposes new tariffs after he takes office on Monday and how steep those tariffs may be.

PBS NewsHour special correspondent and Washington Post columnist, Catherine Rampel, reports him how some companies are already preparing. So this is one of our newer products that's made with our new Supro Comfort Technology.

When Donald Trump won in November, Rick Muscat's first call was to China.

Called our major supplier, found out how many more pair they could make for us before they closed

for Chinese New Year. We bought 30,000 pair that day.

Trump has threatened 60% tariffs or taxes on Chinese-made goods, which might include all the

shoes Muskets company, Deer Stags, sells.

We import and distribute around the United States, both men's and boys' shoes.

We call it affordable, comfort fashion.

He says shifting production here is not an option, given labor costs.

Shoes have over 200 operations, and there's a lot of labor in the making of shoes.

Plus...

There's no factories here to move production back.

So we don't have the option.

Stacking up early was risky.

His shipment might not arrive before new tariffs start.

You're tying up your capital.

You're paying storage and you're making decisions on what you think the consumer is going to buy

well in advance of when the consumer decides what they want to buy.

And sometimes you're wrong.

And we see about a 20% increase in bookings relative to expected.

Ryan Peterson is CEO of Flexport, a trade and logistics company.

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