Global CEOs Confront New Era With Trump Win, Risk of Tariffs (2)

Business leaders around the world are digesting a new reality with Republican Donald Trump set to return to the White House, promising greater US protectionism, higher tariffs and tighter immigration policies.

CEOs, who for months had tiptoed around questions about a potential change in US power, began grappling with the new order in boardrooms and on earnings calls on Wednesday, where investors sought to price in the effect of a Trump win.

Chief among the topics: How they’re preparing for rising protectionism and sweeping tariffs on 60% of imports from China and 20% from the rest of the world, which ...