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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (139938)	3/12/2018 11:16:48 AM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 220525

Companies beat tariffs during the Depression -- Here’s how they could do it again ADAM EDELMAN Mar 11th 2018 11:38AM At the height of the Great Depression, Congress created a program to help American businesses ease the pain of crippling tariffs. That program, which allows the designation of special geographic areas known as "foreign trade zones," is still in place today. Cities, states and companies — which began looking more to the zones several years ago when Donald Trump launched his campaign for the White House — are now sure to step up their use of FTZs as a way to lessen the impact of the president's newly ordered tariffs, experts told NBC News. Subscribe to our other newsletters Emails may offer personalized content or ads. Learn more. You may unsubscribe any time. "Generally, if tariffs increase, foreign trade zones become much more popular, and on the whole, a lot more valuable," said Matt Gold, a professor of international trade law at Fordham University School of Law. The Foreign Trade Zone program was originally intended to reverse some of the most paralyzing consequences of the Smoot-Hawley Tariffs — protectionist trade measures enacted decades ago that economists blame for worsening worldwide economic downturn at the time and sparking one of the worst trade wars in modern history. RELATED: Impact of Trump's proposed steel and aluminum tariffs