Alleviating Tariffs With Foreign-Trade Zone And Trade Program Strategies

Escalating tariffs mandated by the Trump administration have prompted many middle-market companies to reevaluate their pricing models, supplier contracts, and overall business strategies. While some industries will be more affected than others, tariffs and retaliatory measures by the United States' trading partners call for a careful evaluation of available options, such as utilizing free trade zones and specific trade programs.

As we discussed in our recent article, Turning Tariffs into Opportunity: Industry Insights for Middle Market Businesses, mitigation tactics include supplier diversification, exploring duty drawback programs, and identifying alternative suppliers in non-tariffed regions. The following information provides a closer look at how your company may utilize foreign trade zones and trade programs to find opportunities to offset tariff challenges.