Tariff Stacking?

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When U.S. President Donald Trump adds a new tariff the old ones don't go away. Some companies will pay far more because of a phenomenon called tariff stacking, the latest complication for U.S. importers trying to navigate Trump's on-again, off-again trade war.

The reality for many U.S. businesses is that their tariff bills are often far higher than the headline number touted in trade talks.

Tariff stacking applies to any country exporting to the U.S., but the most extreme cases tend to be with China, where the U.S. has accumulated a long list of sometimes hefty existing tariffs, implemented under different provisions of U.S. trade law.

Read more here. 

from The Global Small Business Blog https://ift.tt/ZhbTcLn