Staying Competitive to Outlast the Trade War (Part II)

We received some questions and feedback from our last blog post about Chinese tariffs and wanted to address our readers directly with an example of how a domestic taxpayer can be adversely affected by the ongoing trade wars, and what our consultancy can do to help. First, a clarification for those of us who are not economists:  A tariff is a tax imposed on imported goods.  Tariffs are paid to Customs & Border Protection at our ports when the goods arrive. Thus, when the goods are sold to domestic consumers, they are at a higher cost than they would have been had there not been tariffs imposed.  The cost of a final product using the foreign sourced material goes up. … Read More