Tariff Wars Are Among the Top Compliance Concerns for U.S. Shippers

摘要

The U.S. protectionist Section 201 tariffs on washers and solar panels; Section 232 tariffs on steel, aluminum and uranium; and Section 301 tariffs on China Intellectual Property, representing $32bn worth of new taxes on American business, have resulted in the U.S. posting an $891.2bn trade deficit in merchandise. As of this writing, increases to 25 percent tariffs were delayed while a "truce" between the U.S. and China transpires so they address their respective concerns. Companies should closely watch the progress on these discussions because the increased tariffs are predicted to amount to $129bn.