Trump's Tariff Maze: Red Tape Nightmare for US Businesses

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Saturdays

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Trump's tariff promises to cut red tape have backfired, leaving US businesses drowning in paperwork. New rules demand meticulous tracking of imported goods' origins and manufacturing processes, forcing companies, especially small ones, to spend countless hours on compliance. With unpredictable tariff deadlines and increased enforcement using AI, businesses face rising costs, lost profits, and a struggle to compete, all while hoping for clarity amidst ever-shifting regulations. Hosted on Acast. See acast.com/privacy for more information.