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No batteries? Thinner packaging? US businesses look for ways to offset tariffs

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
These are some of the ways consumer product companies are retooling their wares to reduce costs and avoid raising prices.
U.S. businesses are actively seeking strategies to mitigate the impact of tariffs imposed by the Trump administration, as reported by WMUR on June 26, 2023. Companies are exploring options such as shifting supply chains, renegotiating contracts, and passing on costs to consumers. The tariffs, aimed at protecting domestic industries, have led to increased costs for imported goods, prompting businesses to adapt to maintain profitability. Some firms are considering relocating manufacturing operations to countries not affected by the tariffs, while others are lobbying for exemptions or reductions. The ongoing trade tensions have created uncertainty, pushing businesses to be more agile and innovative in their approach to managing the financial burden of these tariffs.

Read the Full WMUR Article at:
[ https://www.wmur.com/article/us-businesses-look-for-ways-to-offset-tariffs/64379569 ]