Summary of The Art of the Trade Deal

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American companies are exploring ways to reduce the additional costs of new tariffs, both those imposed by the United States and those levied in retaliation by other nations. Tariff mitigation is possible, according to trade expert Lenny Feldman in this well-informed overview of long-standing legal options for manufacturers, importers and exporters. getAbstract recommends this concise briefing to executives and anyone looking to navigate the labyrinths of global trade law.

In this summary, you will learn

  • Why American companies need to revise their global business practices in response to newly imposed tariffs, and
  • How five legal and long-standing approaches to tariff mitigation can help firms reduce their costs.
 

About the Author

Lenny Feldman is an international trade lawyer and a managing member at Sandler, Travis & Rosenberg, P.A.

 

Summary

US firms engaging in manufacturing, importing or exporting face costly new tariffs. The United States has announced levies of 10% to 25% on billions of dollars’ worth of imported goods – primarily on aluminum and steel from all foreign countries and on many products from China. American exporters face retaliatory tariffs from trading partners. Companies need to consider legal ways to reduce the increased costs stemming from the new section 232 and 301 duties.  Five long-standing approaches have broad applicability:  


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