‘Companies are going to get screwed’: US businesses are trying to get exemptions from Trump’s tariffs, and the process sounds like a mess
|06/21/2018||Posted by BusinessMediaguide.Com under General World News||
- US companies can request exemptions to President Donald Trump’s steel and aluminum tariffs if they can’t find metals domestically.
- US businesses have filed more than 20,000 exemption requests, according to Commerce Secretary Wilbur Ross.
- The Commerce Department has ruled on fewer than 100 of those requests.
- According to a new report, the Commerce Department’s exemption process sounds chaotic and random.
US business are scrambling to save their businesses from President Donald Trump’s new steel and aluminum tariffs, but a huge backlog is leaving many of those companies in potential peril.