(Updated September 19, 2018)
By Peter J. Cazamias, SBA –
Recently, the United States Government announced several new tariff increases. The U.S. Department of Commerce implemented tariffs on steel and aluminum imports for national security reasons. Separately, the U.S. Trade Representative (USTR) announced tariffs to combat unfair trade practices on certain Chinese goods. Additional tariffs on a larger list of goods from China are expected in the future.
Small businesses should become familiar with what imported products are impacted, to make informed business decisions as tariffs could increase the total cost of certain imported goods. (more…)