Business Standard

Corporate America has enough workarounds to dodge Trump's tariffs

Under the new rules, an importer can ask the Commerce Department for a waiver if there's a limited supply of the product in the US

US President Donald Trump (centre), National Security Advisor HR McMaster (left) and State Secretary Rex Tillerson at the 31st ASEAN Summit in the Philippines on Tuesday. Photo: Reuters
Premium

US President Donald Trump (centre), National Security Advisor HR McMaster (left) and State Secretary Rex Tillerson at the 31st ASEAN Summit in the Philippines on Tuesday. Photo: Reuters

Jennifer Kaplan and Naureen S Malik | Bloomberg
Across corporate America, the race is on to dodge the tariff.

Just as President Donald Trump left the door open for countries to apply for exemptions to the 25 per cent levy on steel and 10 per cent on aluminium, his official proclamations Thursday also offer some workarounds for companies.

Under the new rules, an importer can ask the Commerce Department for a waiver if there’s a limited supply of the product in the US or if national security is at stake. How that’ll be interpreted is anyone’s guess, but aluminium can makers, pipeline builders and car companies are now

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in