US Firms Brace For More Tariffs As Election Approaches

Companies in the United States are gearing up for the possibility of more tariffs as the presidential election draws close (Credit: AFP)

From holding back investments to considering moving abroad, businesses in the United States are bracing for more economic turbulence as the presidential campaign kicks into high gear -- with fresh tariffs rolled out and promises of more.

Republican candidate Donald Trump has proposed at least a 10 percent tariff on imports and up to 60 percent on Chinese goods, intensifying levies he previously imposed on Beijing and others.