Effects of Tariffs, 2 Years Later

In March of 2018, American steel manufacturers experienced something amazing. An influx of orders that hadn’t been seen in years came flooding into these plants and even led to some long-dormant smelter facilities being reopened. The cause of all these orders was a direct result of Trump’s 25% tariff on steel imports. Most business owners would view this as a …

How Much Will Your Business Pay When The Tariff Bill Comes Due?

How Much Will Your Business Pay When The Tariff Bill Comes Due?

The European Union has been in the media lately, as details about illegal subsidies and loans provided for years to airplane manufacturer Airbus have come to light. Given these recent developments, the World Trade Organization gave the U.S. a proverbial ‘thumbs up’ on slapping an additional $7.5 billion of tariffs annually to goods imported from the zone. These new tariffs …

China’s Tariff Waiver List, Are You On It?

A few industry products won the ‘tariff lottery’ this week, by being put on a list that China’s Ministry of Finance compiled. These products would have tariff’s waived beginning September 17th of this year and last for a full year until September 16th of 2020. This is great news for these particular goods, which include things like food for livestock, …

Are Tariffs Truly Good for America?

The current trade war between China and the US continues to make headlines across the country. Just today trade talks resumed between the two large economies with agreements to have meetings on US soil in early October. The hope, of course, is that China and The White House can come to an agreement to help stem further increases in tariffs. …