How Cisco Is Responding to Trump Tariffs
The latest round of tariffs targeting $200 billion worth of Chinese goods entering the US went into effect on September 24. The Trump administration imposed a tariff rate of 10% on those goods, and the rate is set to jump to 25% by the end of the year. A few weeks before the tariffs took effect, Cisco Systems (CSCO) CEO Chuck Robbins warned in an interview with CNBC that the company may deal with the tariff shock by passing on the additional costs to customers.