• Fri, April 25, 2025

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'Foreign-Trade Zones' could help businesses with new tariffs

Companies use foreign trade zones to defer tariffs, easing cash flow issues. Sku Distribution in Chandler sees increased interest in FTZ benefits.
The article from AZFamily discusses how Foreign Trade Zones (FTZs) could benefit businesses facing new tariffs. FTZs are designated areas within the United States where companies can delay, reduce, or eliminate customs duties on imported goods. With the introduction of new tariffs, businesses are looking to FTZs to mitigate costs by storing, assembling, or manufacturing products within these zones. The article highlights that companies in Arizona, such as those in the manufacturing and technology sectors, are exploring FTZs to maintain competitiveness. It also mentions that the process to establish an FTZ involves applying through the Foreign-Trade Zones Board, and once approved, businesses can enjoy significant savings on tariffs, potentially offsetting the impact of the new trade policies.

Read the Full AZFamily Article at:
https://www.azfamily.com/2025/04/04/foreign-trade-zones-could-help-businesses-with-new-tariffs/

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