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Retailers are considering setting up US subsidiaries to counter Trump tariffs

Donald Trump

British retailers are exploring ways to fight President Trump’s tariffs, including ceasing exports or looking at setting up US subsidiaries.

Trump has imposed an additional 10% tariff on Chinese-made goods and has axed – then reinstated – the “de minimis” rule that allows goods under $800 (£645) to be imported without import duty.

https://www.retail-week.com/fashion/retailers-are-considering-setting-up-us-subsidiaries-to-counter-trump-tariffs/7048085.article