Businesses have found strange but legal ways to avoid Trump’s tariffs

Some importers are looking to park their stuff in a special type of warehouse until Trump makes up his mind on tariffs

Forklifts moving shipping containers in Miami in early April.Joe Raedle/Getty ImagesThe popularity of a special type of duty-deferred warehousing skyrocketed in April.Inquiries and prices for bonded storage facilities are up sharply, Flexe told Business Insider.While the option has cash-flow benefits, it's not likely to solve importers' tariff challenges.Think of it as hitting "snooze" on a shipment.With the onset of President Donald Trump's tra…

Businesses have found strange but legal ways to avoid Trump’s tariffs

A few months ago, the words “bonded warehouse” and “harmonized system codes” might not have been on the minds of many American business owners. Now they’re in a massive spotlight.

Letters: Donald Trump’s tariffs have put my Chicago business and network in jeopardy

President Donald Trump’s tariffs pose an existential threat to many thousands of small businesses across America, including the one I’ve built for over 15 years. My father and I started YouCopia in 2009 to create organization products that help people reduce stress, spend less and save time at home. Our first product was discovered by Bed Bath & Beyond. They told us we needed to move production to China from the U.S. to get a better price and la…

Lifelong Republican warns Trump’s tariffs will harm the country

In his first term, Trump put tariffs on China. This did not turn out well for our farmers. Prior to the tariff, China purchased 19 billion dollars of agricultural products. After the tariff, China only purchased 9 billion dollars of agricultural products. As a result, Congress spent billions to support farmers and about 20% of the small farms went out of business.

Setting the WayBack Machine

“The effective US tariff rate is now at its highest level since the early 1900s”, according to Allianz Trade, and affected countries have retaliated with their own tariffs. The end result is shaping up to be lower economic growth due to higher trade restrictions, a weaker US economy, and global GDP at its lowest since the pandemic. How can you protect your business to ride out the known and unknown repercussions? Allianz Trade offers ways to ana…

Tariffs & Politics Make Strange Bedfellows

The tariffs imposed unilaterally by the current administration have sparked a surge in new car sales but it won't last long. The post Tariffs & Politics Make Strange Bedfellows appeared first on CleanTechnica.