US tariffs: how Trump’s tax is hitting Big Tech and beyond
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Two words: tariff engineering.
This CNBC article describes some of the workarounds you might see with companies navigating higher taxes on imports, as the difference between a raincoat and a windbreaker, for example, can add up.
However, it quotes supply chain strategist Andrew Wilson saying that “consumer good and garments, apparel and footwear sectors” are easier targets for these changes than cars and electronics, because “even minor changes may require extensive validation and approval” that add months of waiting to get certified.
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