Companies Find Potential Way to Avoid Trump Tariffs and Keep Prices Low
Donald Trump’s tariff regime has been scoffed at by business leaders and world economists (Larry Summers, for instance, called it both “crazy” and “dumb”), but the White House hasn’t backed down from its highly unconventional program. The tariffs, which are taxing American businesses on their imports, are reportedly generating billions of dollars in revenue for the federal government on a month-to-month basis. Many businesses aren’t happy about it, however, and now several lawsuits are threateni