Gunster Shareholder and U.S. Customs and International Trade Group Leader, Peter Quinter, recently spoke with The Wall Street Journal regarding U.S. President-Elect Trump's plan to raise tariffs to 60 percent or more on goods from China and 10 to 20 percent on goods from other countries.
Companies have several options in mitigating the rising tariffs: increase prices, decrease costs, and/or move their supply chain away from China.
"Oftentimes companies aim to produce closer to home—for instance, in Mexico or Canada," Quinter notes.
Quinter also shared his insights on this topic with SeafoodSource, predicting that seafood importers will likely face increased barriers including more antidumping and countervailing duty orders.
Globally ranked U.S. Customs and international trade law counselor and advocate, Peter Quinter, represents individuals and companies involved in the wide variety of legal issues associated with international trade and transportation, including litigation before federal courts across Florida and before the U.S. Court of International Trade in New York.
Peter represents importers, exporters, customs brokers, international freight forwarders and other companies involved in a myriad of industry sectors and international supply chain matters. His practice includes skill in advising on U.S. Food and Drug Administration (FDA)-regulated products, such as food, dietary supplements and cosmetics, and involving detained or refused merchandise. He also advises on the submission of petitions for removal of FDA Import Alerts.
