“The significant tariffs that President-elect Donald Trump imposed on foreign metals, machinery, clothing, and other products during his first term were intended to have maximum impact around the world. factories, reshaped international supply chains, and sought to force companies to make major investments in the United States.” new york times I will report.
“But for many businesses, the most significant impact of the tariffs enacted in 2018 and 2019 unfolded just blocks from the White House.”
“In the face of pushback from companies dependent on foreign goods, the Trump administration created a process by which companies could apply for special exemptions. This could give us a huge advantage over other companies.”
“This led to rapid and often successful lobbying, especially from high-fee K Street law firms in Washington, which ended up filing hundreds of thousands of tariff exemptions. Ta.”
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