Learn how to avoid or limit the effects of tariffs and specific scenarios to protect a business.
International trade conflicts pose significant challenges for businesses, particularly tariffs that can impact profitability and even survival. To safeguard their interests, companies must adopt strategic measures that include diversifying supply chains, leveraging AI tools, upgrading terms and conditions of sale, exploring alternative markets, and staying informed about evolving trade policies. By proactively addressing these issues, businesses can mitigate the risks associated with tariffs and maintain a competitive edge in a fluctuating global landscape.You will gain from an understanding of how tariffs affect your business, and how to protect your business, and how you can perhaps avoid them. In an a rapidly changing global landscape, this course will present you with concepts you may be able to implement to protect your business.
Learning Objectives
- You will be able to discuss the application of the recent tariffs to U.S business.
- You will be able to assess the potential benefits of using AI tools, diversified sourcing, and updated terms and conditions in mitigating tariff risks.
- You will be able to identify possible business solutions to avoid and/or decrease the tariffs effect to U.S business.
- You will be able to recognize and to use Foreign-Trade Zones.
Agenda
Timeline of Tariffs- Tariffs Against China’s Products
- Tariffs Against Mexico’s and Canada’s Products
- Tariffs on Steel and Aluminum
- Other New Tariffs
- Tariff Uncertainty
- Protect Your Financial Health First
- Diversify Suppliers and Markets
- Leverage AI Tools
- Upgrade Contracts and Pricing Flexibility
- Monitor Policy and Prepare for Multiple Scenarios
- Apply for Exemptions
- Use Foreign-Trade Zones
- Consider Tax-Incentive Programs (IC-DISC)
- International Distribution System
- Agent/Distributor
- Set up Online Business
- Contract Manufacturing
- Foreign-Direct Investment (FDI)
Speaker(s)
Cynthia MulderInnovative Law Group
- Legal assistant at Innovative Law Group
- Works with government programs and compliance.
- Prepares and files documents and reports in response to government requirements, including international business matters.
- Bachelor’s Degree from Hope College
- Has completed numerous post-graduate courses in a variety of fields
Innovative Law Group
- Attorney at Innovative Law Group
- Represents innovative companies on the cutting edge of technology, retail stores, distributors, service firms, manufacturing companies, and suppliers
- Frequent lecturer on business law
- Admitted to practice in Michigan, Ohio, and the U.S. Tax Court
- Member of the State Bar of Michigan and State Bar of Ohio
- J.D. Degree, The Ohio State University College of Law; M.S. Degree, Grand Valley State University Seidman School of Business; M.A. Degree, The Ohio State University Graduate School of Public Policy and Management; B.A. Degree, Capital University