“Today in The Ripple Effect, let’s discuss how U.S. companies are preparing for potential shifts in trade policy under President Trump’s second term. Anticipating new tariffs and stricter export controls, businesses are increasingly seeking legal counsel to navigate the evolving trade landscape. Industries particularly reliant on imports from China, Mexico, and Canada are exploring strategies such as reclassifying products to mitigate tariff impacts and utilizing bonded warehouses to defer duties. This proactive approach reflects a broader trend of companies aiming to adapt to a more protectionist trade environment. The surge in demand for legal expertise underscores the complexities businesses face in aligning with the administration’s trade policies.”

“How will changes in U.S. trade policy under the Trump administration affect domestic businesses and consumers?”