Avoiding Trump's tariffs could be harder for companies and countries this time

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Avoiding Trump's tariffs could be harder for companies and countries this time

//business-finance.news-articles.net/content/202 .. arder-for-companies-and-countries-this-time.html

Published in Business and Finance on Saturday, February 8th 2025 at 15:00 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Donald Trump's tariffs could target a longer list of countries this time, experts said. Countries like Vietnam could face duties.

173x130/7117 Bytes

The article from MSN discusses the potential challenges companies and countries might face in avoiding former President Donald Trump's proposed tariffs if he were to return to office. Trump has suggested implementing a universal baseline tariff on most imported goods, which would be significantly higher than current rates, aiming to protect U.S. industries and reduce trade deficits. This approach would make it difficult for businesses to circumvent tariffs through strategies like transshipment, where goods are routed through third countries to avoid duties. The article highlights that previous tariff evasion methods, such as shifting supply chains or using foreign trade zones, might not be as effective due to the broad application of these new tariffs. Furthermore, countries might find it harder to negotiate exemptions or retaliate effectively, given the comprehensive nature of the proposed tariffs. The piece also notes that while some companies might still attempt to find loopholes, the overall economic impact could be significant, potentially leading to higher costs for consumers and disruptions in global trade patterns.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/markets/avoiding-trump-s-tariffs-could-be-harder-for-companies-and-countries-this-time/ar-AA1yE4Gx ]