This comes after President Donald Trump rolled out 10% levies on all products imported into the U.S. from China in February, before raising rates to 20% in early March.
Ginger Faulk, partner with the law firm of Eversheds Sutherland, describes the ways that international traders can offset the impact of new import tariffs imposed by the Trump administration.
President Trump's tariff policy toward Canada, Mexico, and China has widespread implications for economic conditions in the U.S., as well as the nation’s standing in the international economic system.
In recent years, as world economies have become more interconnected, politicians have increasingly used regulations as a means of advancing foreign policy.
As uncertainty has become the new norm for supply chains, previously tried-and-true crisis management strategies are no longer equipped to keep up with the pace of today's disruptions.