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Kevin Feig’s Florida auto parts company is paying the U.S. government up to $600,000 a month in import duties.
“Everything is just a constant pivot,” says Gretchen Blough, a customs broker in Erie, Pennsylvania.
A new trade deal with the U.K. will erase Trump-era tariffs on steel and aluminum imported into the U.S., and motorcycles and whiskey exported to the U.K.
The U.S. could expand tariffs on Chinese goods — but that may raise prices for American consumers.
Some say keeping Trump-era levies on foreign-made panels and cells will help the U.S. meet Biden’s domestic goals for renewable energy.
The pact lifts U.S. tariffs on European steel and European Union duties on bourbon and Harley-Davidson motorcycles.
Some companies that won exemptions from levies on Chinese goods in the past will be able to apply for relief again.
Importers on both sides of the Atlantic will save billions in retaliatory tariffs for imports.
Tariffs on wine, cheese, steel and aluminum are among the issues to be resolved.
Farmer April Hemmes says exports are strong and a supply shortage is pushing up prices.