“I worry about the longer-term consequences here,” said Natasha Sarin, president and co-founder or the Yale Budget Lab. “Importantly, they're not consequences that can be reversed.”
Smucker's Company announced net sales were up 4% over the past quarter. However, the company indicated that they expect a decrease in the year ahead due to “a dynamic and evolving external environment.”
FTZs used to allow manufacturers to import goods tariff-free and use those imports to manufacture products with lower tariff rates. The Trump administration removed that benefit last year.