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What can I do to avoid these new tariffs?
We are hearing this question a lot. The long-term answer is obviously to source suppliers from lower tariff countries, or to switch to domestic suppliers. Incentivizing those changes are ultimately the goal of the incoming administration's proposed tariffs. However, those changes take time.
In the near term, the solution to avoiding huge cost increases as an importer, is to ship all that you can now and in early 2025 before the proposed tariffs take effect. If you rely heavily on parts or products from the targeted countries, you may achieve significant cost savings and gain a competitive price advantage over your competition by shipping now.
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