5 Major Strategies for Enterprises to Respond to Tariffs

Diversification of Production Sources: For example, Shein diversifies its supply chain to Turkey and Brazil;

Optimization of Tariff Classification: Adjusting product HTS codes to lower tax rates;

Localized Production: Contemporary Amperex Technology Co., Ltd. builds a battery factory in the United States;

Lobbying the Government: Tesla successfully exempted graphite tariffs;

Transshipment Trade: Exports through Mexico must meet origin rules.