Friday, May 10, 2019

Dealing with sudden tariff

The sudden imposition of a new tariff or a large increase in the tariff can cause a big disruption to exporters of the target country.

When the US increases the tariff on imports from China, the exporters will be affected and the impact may be serious. Some may face insolvency. They may have to impose a large scale retrenchment of its workers.

The govt of the affected country can help the exporters to cope with this sudden and major disruption and reduce the impact on employment and business.

This is how it can be done.
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