Companies have been moving factories from China to Southeast Asia, anticipating Donald Trump would slap high tariffs on Beijing if he regained the White House, a move set to accelerate with his election win,

The footwear- and accessory-maker says it already has a plan in place to reduce its reliance on imports from China.

Donald Trump is preparing to implement the most extensive tariffs in a century, and some of these tariffs are intended to serve as bargaining chips in trade negotiations, writes "The Washington Post." The newspaper adds that the introduction of a universal basic tariff is unlikely.

President-elect Donald Trump has promised steep across-the-board tariffs on imports to the U.S., with a particularly significant tax on goods coming from China.

Corporate America, or rather those that primarily source their supply chain outside of America, are preparing for some significant changes coming down the pipeline. President-elect Donald Trump is expected to go through with his campaign promise to hike tariffs as high as 60% to 100% on goods from China,