The ‘First Sale Rule’ Option for Trade

The latest updates on the U.S.-China trade war show China taking a $35bn hit, and both countries’ economies being hurt significantly. According to some news outlets, the U.S. manufacturing sector is already in a recession. The first sale rule option is one strategy that many importers are using to reduce exposure to crippling tariffs, which are particularly onerous for small businesses. Breaking news from China has both parties agreeing to roll back tariffs in phases. Promises, promises…

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Photo by Austin Chan on Unsplash