US companies are turning to their lawyers for help in containing the costs of President Donald Trump’s tariffs on goods from China, looking for legal loopholes to help avoid or reduce duties without shifting production to other countries.
Law firms and consultants say they are being inundated with requests for assistance from importers seeking to use provisions such as the “321 de minimis” rule, which allows goods worth less than $800 to be shipped to the US without being subject to tariffs.
In this article featured in the Financial Times, Alvarez & Marsal Managing Director, Geoffrey Pollak explains the risks to company leaders in containing the costs of tariffs on Chinese goods and the ‘321 de minimis’ rule.
This article originally appeared in the Financial Times. Click here to read the full article.
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